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(Z0)‌ Pushes Higher

US 10YR FUTURE TECHS
  • RES 4: 139-09+ Bear channel top drawn off the Aug 4 high
  • RES 3: 139-08+ High Nov 5
  • RES 2: 138-21+/24+ 50-day EMA / High Nov 9
  • RES 1: 138-20 Intraday high
  • PRICE: 138-14 @ 17:09 GMT Nov 20
  • SUP 1: 137-27 Low Nov 16
  • SUP 2: 137-19+ Low Nov 12
  • SUP 3: 137-08 1.500 proj of Aug 4 - 28 decline from Sep 3 high
  • SUP 4: 137-01+ 1.618 proj of Aug 4 - 28 decline from Sep 3 high

Treasuries are holding onto recent gains and pushed higher earlier today with trendline resistance drawn off the Oct 2 high cleared. Recent gains are still considered a correction though. The break lower on Nov 9 resulted in a move through 137-20+, Nov 4 low confirming a resumption of the downtrend since early August. The next firm resistance is seen at 138-21+, the 50-day EMA. Initial support and the near-term bear trigger is at 137-27, Nov 16 low.

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