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US 10YR FUTURE TECHS: (Z4) Southbound

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 113-12   Low Sep 3 and a recent breakout point   
  • RES 3: 112-31   50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 111-14/112-05+ High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-12 @ 16:43 GMT Oct 29
  • SUP 1: 110-09+ Low Oct 29
  • SUP 2: 110-00   Round number support
  • SUP 3: 109-17+ Low Jul 5 (cont)
  • SUP 4: 109-12+ 2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and the contract has traded lower again Tuesday. This week’s move reinforces the bear theme and maintains the bearish price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too. Sights are on the 110-00 handle. Initial key resistance has been defined at 112-22, the Oct 16 high. 

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  • RES 4: 113-12   Low Sep 3 and a recent breakout point   
  • RES 3: 112-31   50-day EMA 
  • RES 2: 112-22   High Oct 16 and a key short-term resistance
  • RES 1: 111-14/112-05+ High Oct 25 / 20-day EMA 
  • PRICE:‌‌ 110-12 @ 16:43 GMT Oct 29
  • SUP 1: 110-09+ Low Oct 29
  • SUP 2: 110-00   Round number support
  • SUP 3: 109-17+ Low Jul 5 (cont)
  • SUP 4: 109-12+ 2.0% 10-dma envelope

The trend condition in Treasuries remains bearish and the contract has traded lower again Tuesday. This week’s move reinforces the bear theme and maintains the bearish price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too. Sights are on the 110-00 handle. Initial key resistance has been defined at 112-22, the Oct 16 high.