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US 10YR FUTURE TECHS: (Z4) Trend Needle Points South

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: 112-03   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 111-01   20-day EMA 
  • PRICE:‌‌ 109-31 @ 16:41 GMT Nov 11
  • 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 remains bearish. Last week’s move lower reinforces current conditions. Short-term gains are considered corrective. 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 - pierced on Monday - is seen at 111-01, the 20-day EMA. 

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  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-03   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 111-01   20-day EMA 
  • PRICE:‌‌ 109-31 @ 16:41 GMT Nov 11
  • 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 remains bearish. Last week’s move lower reinforces current conditions. Short-term gains are considered corrective. 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 - pierced on Monday - is seen at 111-01, the 20-day EMA.