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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: 112-00   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-29+ 20-day EMA 
  • PRICE:‌‌ 109-15+ @ 17:07 GMT Nov 12
  • SUP 1: 109-07   Low Nov 6 and the bear trigger 
  • 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

The trend structure in Treasuries is unchanged and conditions remain bearish. Last week’s move lower reinforces the downtrend and the contract is trading closer to its recent lows. A resumption of the bear leg would open 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 11129+, the 20-day EMA.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-00   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-29+ 20-day EMA 
  • PRICE:‌‌ 109-15+ @ 17:07 GMT Nov 12
  • SUP 1: 109-07   Low Nov 6 and the bear trigger 
  • 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

The trend structure in Treasuries is unchanged and conditions remain bearish. Last week’s move lower reinforces the downtrend and the contract is trading closer to its recent lows. A resumption of the bear leg would open 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 11129+, the 20-day EMA.