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US 10YR FUTURE TECHS: (Z4) Corrective Cycle Remains In Play

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-07+ @ 11:12 BST Oct 3
  • SUP 1: 114-07   Low Sep 26 & Oct 2
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-29+ 50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries are trading just above their recent lows. The corrective cycle that started Sep 11, remains in play suggesting potential for an extension lower near-term. Sights are on the next key support at 113-29+, the 50-day EMA. Clearance of this EMA would expose 113-12, the Sep 3 low. The overarching trend condition is bullish and MA studies are in a bull-mode set-up. A resumption of gains would refocus attention on 115-24+, the Sep 11 high. 

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  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-07+ @ 11:12 BST Oct 3
  • SUP 1: 114-07   Low Sep 26 & Oct 2
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-29+ 50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries are trading just above their recent lows. The corrective cycle that started Sep 11, remains in play suggesting potential for an extension lower near-term. Sights are on the next key support at 113-29+, the 50-day EMA. Clearance of this EMA would expose 113-12, the Sep 3 low. The overarching trend condition is bullish and MA studies are in a bull-mode set-up. A resumption of gains would refocus attention on 115-24+, the Sep 11 high.