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(Z0) Probes Major Support

US 5YR FUTURE TECHS
  • RES 4: 126-06+ High Sep 3 and the bull trigger
  • RES 3: 126-046 High Sep 30
  • RES 2: 125-302 20-day EMA
  • RES 1: 125-272 High Oct 6
  • PRICE: 125-22+ @ 11:16 BST Oct 8
  • SUP 1: 125-202 Low Oct 7
  • SUP 2: 125-216 Low Aug 28 and the bear trigger
  • SUP 3: 125-166 1.00 proj of Aug 4 - 14 sell-off from Sep 3 high
  • SUP 4: 125-112 1.236 proj of Aug 4 - 14 sell-off from Sep 3 high

5yr futures have traded sharply lower this week clearing a host of support levels along the way. Yesterday, futures probed key support at 125-216, Aug 28 low and the bear trigger. This reinforces current bearish conditions and a clear break would pave the way for a move lower towards 125-16+, a Fibonacci projection. On the upside, initial resistance is at 125-272, Oct 6 high.

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