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US 10YR FUTURE TECHS: (Z4) Corrective Bounce

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-05+ 50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-21+/111-03+High Nov 6 / 20-day EMA 
  • PRICE:‌‌ 110-14+ @ 11:14+ GMT Nov 8
  • SUP 1: 109-07   Low Nov 6 and the bear trigger 
  • SUP 2: 109-05   76.4% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 109-00   Round number support 
  • SUP 4: 108-15   2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and Wednesday's move lower reinforces current conditions. The recovery Thursday, above 110-00, is considered corrective. A resumption of the bear leg would open 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance is seen at 111-03+, the 20-day EMA.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-05+ 50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-21+/111-03+High Nov 6 / 20-day EMA 
  • PRICE:‌‌ 110-14+ @ 11:14+ GMT Nov 8
  • SUP 1: 109-07   Low Nov 6 and the bear trigger 
  • SUP 2: 109-05   76.4% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 109-00   Round number support 
  • SUP 4: 108-15   2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and Wednesday's move lower reinforces current conditions. The recovery Thursday, above 110-00, is considered corrective. A resumption of the bear leg would open 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance is seen at 111-03+, the 20-day EMA.