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US 10YR FUTURE TECHS: (Z4) Trades Through The 20-Day EMA

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31   1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-15 @ 11:36 BST Sep 24
  • SUP 1: 114-11+ :ow Sep 23      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-23   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries maintain a bullish theme and the latest pullback appears to be a correction - for now. The contract has traded through the 20-day EMA, at 114-23+. A clear break of it would signal scope for a deeper retracement, potentially towards 113-23, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-23+, the Sep 11 high and a bull trigger. A break would resume the uptrend. 

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  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31   1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-15 @ 11:36 BST Sep 24
  • SUP 1: 114-11+ :ow Sep 23      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-23   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries maintain a bullish theme and the latest pullback appears to be a correction - for now. The contract has traded through the 20-day EMA, at 114-23+. A clear break of it would signal scope for a deeper retracement, potentially towards 113-23, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-23+, the Sep 11 high and a bull trigger. A break would resume the uptrend.