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US 10YR FUTURE TECHS: (Z4) Pullback Appears Corrective

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets

   

  • 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: 115-23+ High Sep 11 and the bull trigger  
  • PRICE:‌‌ 114-26+ @ 11:13 BST Sep 20
  • SUP 1: 114-23/16 20-day EMA / Low Sep 19     
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-20   50-day EMA       
  • SUP 4: 113-12   Low Sep 3

Treasuries maintain a bullish theme and the latest pullback appears to be a correction - for now. Firm support is seen at 114-23, the 20-day EMA. This average has been pierced but remains intact for now. A clear break would signal scope for a deeper retracement towards 113-20, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-23+, the Sep 11 high and a bull trigger. A break would open 115-31, a Fibonacci projection.

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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: 115-23+ High Sep 11 and the bull trigger  
  • PRICE:‌‌ 114-26+ @ 11:13 BST Sep 20
  • SUP 1: 114-23/16 20-day EMA / Low Sep 19     
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-20   50-day EMA       
  • SUP 4: 113-12   Low Sep 3

Treasuries maintain a bullish theme and the latest pullback appears to be a correction - for now. Firm support is seen at 114-23, the 20-day EMA. This average has been pierced but remains intact for now. A clear break would signal scope for a deeper retracement towards 113-20, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-23+, the Sep 11 high and a bull trigger. A break would open 115-31, a Fibonacci projection.