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US 10YR FUTURE TECHS: (Z4) Southbound

US 10YR FUTURE TECHS
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-23   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 109-30+/110-17+ High Nov 13 /  20-day EMA 
  • PRICE:‌‌ 109-00 @ 14:38 GMT Nov 15
  • SUP 1: 108-18+ 1.236 proj of the Oct 1 - 10 - 16 price swing    
  • SUP 2: 108-03   1.382 proj of the Oct 1 - 10 - 16 price swing
  • SUP 3: 108-00   Round number support 
  • SUP 4: 107-23   2.0% 10-dma envelope

A bear cycle in Treasuries remains in play- today’s extension and this week’s fresh cycle lows, reinforce a bearish theme. Note that moving average studies are in a bear-mode set-up too, highlighting a clear downtrend. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on 108-00. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110-17+.

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-23   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 109-30+/110-17+ High Nov 13 /  20-day EMA 
  • PRICE:‌‌ 109-00 @ 14:38 GMT Nov 15
  • SUP 1: 108-18+ 1.236 proj of the Oct 1 - 10 - 16 price swing    
  • SUP 2: 108-03   1.382 proj of the Oct 1 - 10 - 16 price swing
  • SUP 3: 108-00   Round number support 
  • SUP 4: 107-23   2.0% 10-dma envelope

A bear cycle in Treasuries remains in play- today’s extension and this week’s fresh cycle lows, reinforce a bearish theme. Note that moving average studies are in a bear-mode set-up too, highlighting a clear downtrend. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on 108-00. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110-17+.