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‌(Z0)‌ Heading South ‌ ‌

US 10YR FUTURE TECHS
  • RES 4: 139-14 High Oct 15
  • RES 3: 139-05+ 50-day EMA
  • RES 2: 139-00 20-day EMA
  • RES 1: 138-20+ Low Oct 7 and this week's breakout level
  • PRICE: 138-08+ @ 11:42 BST Oct 23
  • SUP 1: 138-05+ Low Oct 23
  • SUP 2: 138-04+ 1.00 proj of Aug 4 - 28 decline from Sep 3 high
  • SUP 3: 137-29 76.4% retracement of the Jun - Aug rally (cont)
  • SUP 4: 137-16 200-dma

Treasuries weakened further yesterday, extending this week's sell-off. A bearish theme was reinforced Wednesday following the break of 138-20+, Oct 7 low. The move lower confirmed a resumption of the broader reversal that occurred on Aug 4 and clears the way for a continued move lower. This has opened 138-04+ next, a Fibonacci projection ahead of 138-00. Initial resistance is seen at 138-20+.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
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