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US 10YR FUTURE TECHS: (Z4) Southbound

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-11+ 50-day EMA 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 110-21+/111-12+ Intraday high / 20-day EMA 
  • PRICE:‌‌ 109-15 @ 11:07 GMT Nov 6
  • SUP 1: 109-07   Intraday low   
  • SUP 2: 109-05   76.4% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 109-00   Round number support 
  • SUP 4: 108-15   2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and today's extension reinforces current conditions. The contract has cleared the 110.00 handle and this signals scope for a move towards 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance is seen at 111.12+, the 20-day EMA. Short-term gains would be considered corrective.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-11+ 50-day EMA 
  • RES 2: 112-07   High Oct 21 
  • RES 1: 110-21+/111-12+ Intraday high / 20-day EMA 
  • PRICE:‌‌ 109-15 @ 11:07 GMT Nov 6
  • SUP 1: 109-07   Intraday low   
  • SUP 2: 109-05   76.4% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 109-00   Round number support 
  • SUP 4: 108-15   2.0% 10-dma envelope

A bear cycle in Treasuries remains in play and today's extension reinforces current conditions. The contract has cleared the 110.00 handle and this signals scope for a move towards 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance is seen at 111.12+, the 20-day EMA. Short-term gains would be considered corrective.