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US 10YR FUTURE TECHS: (Z4) Retracement Mode

US 10YR FUTURE TECHS
  • RES 4: 116-00   Round number resistance  
  • RES 3: 115-19   High Aug 5 and the bull trigger
  • RES 2: 114-31+ 76.4% of the Aug 5 - 8 pullback 
  • RES 1: 114-19+ High Aug 21
  • PRICE:‌‌ 113-18 @ 11:11 BST Sep 3
  • SUP 1: 113-12   Intraday low    
  • SUP 2: 113-00   Low Aug 8 
  • SUP 3: 112-21 50-day EMA       
  • SUP 4: 111-28+ High Jul 17 

Treasuries traded lower Friday and the contract maintains a softer short-term tone. Price has breached support at the 20-day EMA and this exposes 112-21, the 50-day EMA. A clear break of this EMA is required to highlight a stronger reversal. The move down is considered corrective. For bulls, a resumption of gains would refocus attention on key resistance and bull trigger at 115-19, Aug 5 high. Initial resistance to watch is 114-19+, the Aug 21 high.

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