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(Z0)‌ Attention Turns To Support

US 10YR FUTURE TECHS
  • RES 4: 139-25 High Oct 2
  • RES 3: 139-17 76.4% retracement of the Sep 29 - Oct 7 sell-off
  • RES 2: 139-14 High Oct 15
  • RES 1: 139-01+ High Oct 20
  • PRICE: 138-26 @ 16:12 BST Oct 20
  • SUP 1: 138-20+ Low Oct 7 and the bull trigger
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-16+ Low Jun 23 (cont)
  • SUP 4: 138-12 61.8% retracement of the Jun - Aug rally (cont)

Treasuries have reversed last week's positive tone and remain weaker. Monday's move lower marks an extension of the pullback from 139-14, Oct 15 high. The move through support at 138-28+, Oct 13 low exposes 138-20+, Oct 7 low and 138-18+, Aug 28 low. The latter is the bear trigger where a break would signal a resumption of the reversal that occurred on Aug 4. This would open 138-04+, a Fibonacci projection. Firm resistance is at 139-14.

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