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US 10YR FUTURE TECHS: (Z4) Key Resistance Remains Exposed

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsMarketsBulletGlobalFixed Income BulletsRegionNorth America
  • RES 4: 116-16   High May 11 2023 (cont)  
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-19   High Aug 5 and the bull trigger
  • RES 1: 115-13    High Sep 06
  • PRICE:‌‌ 114-31+ @ 10:59 BST Sep 10
  • SUP 1: 114-02+ 20-day EMA    
  • SUP 2: 113-12   Low Sep 3 
  • SUP 3: 113-00+/113-00  50-day EMA / Low Aug 8       
  • SUP 4: 111-28+ High Jul 17 

The trend needle in Treasuries continues to point north. Sights are on the key resistance and bull trigger at 115-19, Aug 5 high. Clearance of this level would confirm a resumption of the uptrend. Key short-term support has been defined at 113-12, the Sep 3 low, and this level is below support at the 20-day EMA, at 114-02+. A clear breach of the 20-day EMA and the Sep 3 low, would signal scope for a deeper correction.

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  • RES 4: 116-16   High May 11 2023 (cont)  
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-19   High Aug 5 and the bull trigger
  • RES 1: 115-13    High Sep 06
  • PRICE:‌‌ 114-31+ @ 10:59 BST Sep 10
  • SUP 1: 114-02+ 20-day EMA    
  • SUP 2: 113-12   Low Sep 3 
  • SUP 3: 113-00+/113-00  50-day EMA / Low Aug 8       
  • SUP 4: 111-28+ High Jul 17 

The trend needle in Treasuries continues to point north. Sights are on the key resistance and bull trigger at 115-19, Aug 5 high. Clearance of this level would confirm a resumption of the uptrend. Key short-term support has been defined at 113-12, the Sep 3 low, and this level is below support at the 20-day EMA, at 114-02+. A clear breach of the 20-day EMA and the Sep 3 low, would signal scope for a deeper correction.