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US 10YR FUTURE TECHS: (Z4) Cracks Bear Trigger

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 114-01+ High Oct 4   
  • RES 3: 113-12   Low Sep 3 and a key short-term resistance
  • RES 2: 112-22/28+ High Oct 16 / 20-day EMA  
  • RES 1: 112-07   High Oct 21 
  • PRICE:‌‌ 111-11 @ 10:52 BST Oct 22
  • SUP 1: 111-09   Intraday low
  • SUP 2: 111-00   Low Jul 22        
  • SUP 3: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont) 
  • SUP 4: 109-29+ 2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and this week’s move lower reinforces this theme. The bear trigger at 111-22, the Oct 10 low, has been cleared, confirming a resumption of the trend. Sights are on the 111-00 handle next. Moving average studies are in a bear-mode position, highlighting a dominant downtrend for now. Initial firm resistance has been defined at 112-22, the Oct 16 high. 

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  • RES 4: 114-01+ High Oct 4   
  • RES 3: 113-12   Low Sep 3 and a key short-term resistance
  • RES 2: 112-22/28+ High Oct 16 / 20-day EMA  
  • RES 1: 112-07   High Oct 21 
  • PRICE:‌‌ 111-11 @ 10:52 BST Oct 22
  • SUP 1: 111-09   Intraday low
  • SUP 2: 111-00   Low Jul 22        
  • SUP 3: 110-13   61.8% retracement of the Apr - Sep bull cycle (cont) 
  • SUP 4: 109-29+ 2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and this week’s move lower reinforces this theme. The bear trigger at 111-22, the Oct 10 low, has been cleared, confirming a resumption of the trend. Sights are on the 111-00 handle next. Moving average studies are in a bear-mode position, highlighting a dominant downtrend for now. Initial firm resistance has been defined at 112-22, the Oct 16 high.