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(Z1)‌‌ Off Highs, But Still Bullish

US 10YR FUTURE TECHS
  • RES 4: 133-12+ High Sep 22
  • RES 3: 132-21+ Low Aug 11 and recent breakout level
  • RES 2: 132-08+ High Oct 4
  • RES 1: 131-30+ High Nov 5 and the intraday bull trigger
  • PRICE: 131-03 @ 16:19 GMT Nov 10
  • SUP 1: 130-31+ Low Nov 10
  • SUP 2: 130-07+/29-31 Low Oct 29 / Low Oct 21 and the bear trigger
  • SUP 3: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle
  • SUP 4: 128-17+ Low Jan 9, 2020 (cont)

Treasuries pulled off recent highs on the higher-than-forecast CPI print for October. This works against the positive short-term outlook that's been in place since the breach last week of 131.07, Oct 27 high. Note that the contract has also traded above the 50-day EMA and this strengthens the short-term case for bulls. A clear break of the EMA would reinforce a bull theme. The focus is on 132-08+, Oct 4 high. Initial firm support lies at 130-07+, Oct 29 low. The major support is at 129-31.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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