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US 10YR FUTURE TECHS: (Z4) Southbound

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-13   20-day EMA
  • RES 2: 113-28   50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-17+ @ 10:22 BST Oct 7
  • SUP 1: 112-14+ 38.2% retracement of the Apr - Sep bull cycle (cont)
  • SUP 2: 112-00   Round number support
  • SUP 3: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 4: 11100    Low Jul 22 

Treasuries traded sharply lower Friday and the contract is trading lower today as it extends the current bear cycle. The latest sell-off has resulted in a break of the 50-day EMA and this has been followed by a breach of 113-12, the Sep 3 low. The move undermines the recent bullish theme and instead highlights potential for a continuation lower. Sights are on 112-14+ next, a Fibonacci retracement on the continuation chart. 113-12 is the first resistance.

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  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-13   20-day EMA
  • RES 2: 113-28   50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-17+ @ 10:22 BST Oct 7
  • SUP 1: 112-14+ 38.2% retracement of the Apr - Sep bull cycle (cont)
  • SUP 2: 112-00   Round number support
  • SUP 3: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 4: 11100    Low Jul 22 

Treasuries traded sharply lower Friday and the contract is trading lower today as it extends the current bear cycle. The latest sell-off has resulted in a break of the 50-day EMA and this has been followed by a breach of 113-12, the Sep 3 low. The move undermines the recent bullish theme and instead highlights potential for a continuation lower. Sights are on 112-14+ next, a Fibonacci retracement on the continuation chart. 113-12 is the first resistance.