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(Z0) Holding Onto Recent Gains

US 10YR FUTURE TECHS
  • RES 4: 140-11 Aug 4 high and major resistance
  • RES 3: 139-29+ 76.4% retracement of the Aug 4 - 28 decline
  • RES 2: 139-29 High Sep 3 and the bull trigger
  • RES 1: 139-26 High Sep 17
  • PRICE: 139-24+ @ 11:19 BST Sep 30
  • SUP 1: 139-10+ Low Sep 16 and key near-term support
  • SUP 2: 139-00 Low Sep 4
  • SUP 3: 138-18+ Low Aug 28 and the bear trigger
  • SUP 4: 138-10+ 1.000 proj of Aug 4 - 14 sell-off from Sep 3 high

Treasuries are holding onto recent gains having traded higher yesterday. Initial resistance at 139-24, Sep 17 high has been breached paving the way for a climb towards 139-29 key resistance, Sep 3 high. A break of this hurdle would strengthen a bullish argument and open 140-11 further out, the Aug 4 key high. On the downside, initial firm support has been defined at 139-10+, Sep 16 low. A break would dampen the bullish mood.

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