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(Z0)‌ Sharp Rally Off The Day Low

US 10YR FUTURE TECHS
  • RES 4: 139-07+ High Oct 16
  • RES 3: 139-03 High Oct 28 and the bull trigger
  • RES 2: 138-31 50-day EMA
  • RES 1: 138-30 Intraday high
  • PRICE: 138-22 @ 11:33 GMT Nov 4
  • SUP 1: 138-09+ 50% retracement of today's range
  • SUP 2: 137-20+ Intraday low
  • SUP 3: 137-15 1.382 proj of Aug 4 - 28 decline from Sep 3 high
  • SUP 4: 137-08 1.500 proj of Aug 4 - 28 decline from Sep 3 high

Treasuries have rallied sharply off today's earlier low of 137-20+. Price has also briefly probed trendline resistance at 138-29, drawn off the Oct 2 high. A clear break of the trendline though is still required to signal a reversal. Attention is on resistance at 139-03, Oct 28 high and the near-term bull trigger. A break would confirm a breach of the trendline and strengthen a bullish outlook. Key support has been defined at 137-20+.

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