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US 10YR FUTURE TECHS: (Z4) Corrective Cycle Still 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:‌‌ 114-15+ @ 11:08 BST Sep 30
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-27+ 50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries continue to trade closer to their recent lows. The move down that started on Sep 11, still appears to be a correction. Note that the contract has traded through the 20-day EMA, at 114-22+. A clear break of it would signal scope for a deeper retracement, potentially towards 113-27+, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger. A break would resume the uptrend.

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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:‌‌ 114-15+ @ 11:08 BST Sep 30
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-27+ 50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries continue to trade closer to their recent lows. The move down that started on Sep 11, still appears to be a correction. Note that the contract has traded through the 20-day EMA, at 114-22+. A clear break of it would signal scope for a deeper retracement, potentially towards 113-27+, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger. A break would resume the uptrend.