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US 10YR FUTURE TECHS: (Z4) Monitoring Support At The 50-Day EMA

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:‌‌ 114-25+ @ 16:46 BST Oct 1
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-28   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

With a mid-session rally fading through the London close, treasuries are in consolidation mode and continue to trade closer to their recent lows. The move down that started on Sep 11, still appears to be a correction. The contract has traded through the 20-day EMA, at 114-21. A clear break of this EMA would signal scope for a deeper retracement, towards 113-28, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger. 

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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:‌‌ 114-25+ @ 16:46 BST Oct 1
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-28   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

With a mid-session rally fading through the London close, treasuries are in consolidation mode and continue to trade closer to their recent lows. The move down that started on Sep 11, still appears to be a correction. The contract has traded through the 20-day EMA, at 114-21. A clear break of this EMA would signal scope for a deeper retracement, towards 113-28, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger.