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‌‌(Z2)‌‌ Resumes Its Uptrend

US 10YR FUTURE TECHS
  • RES 4: 115-14+ 50.0% retracement of the Aug 2 - Oct 21 downleg
  • RES 3: 114-17 High Sep 20
  • RES 2: 113-30 High Oct 4 and a key resistance
  • RES 1: 113-15 High Nov 24
  • PRICE: 113-11+ @ 15:09 GMT Nov 24
  • SUP 1: 112-14+ 50-day EMA
  • SUP 2: 112-04 Low Nov 21 and a key short-term support
  • SUP 3: 111-27+ Low Nov 14
  • SUP 4: 110-12+ Low Nov 10

Treasury futures are trading higher and price has breached the Nov 16, 113-11 high. The break of this hurdle confirms a resumption of the current uptrend and signals scope for a continuation higher. Price continues to trade above the 50-day EMA - the recent break of this average strengthened the case for bulls. Sights are on 113-30 next, the Oct 4 high and a key short-term resistance. Key support is at 112-04, the Nov 21 low.

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  • RES 4: 115-14+ 50.0% retracement of the Aug 2 - Oct 21 downleg
  • RES 3: 114-17 High Sep 20
  • RES 2: 113-30 High Oct 4 and a key resistance
  • RES 1: 113-15 High Nov 24
  • PRICE: 113-11+ @ 15:09 GMT Nov 24
  • SUP 1: 112-14+ 50-day EMA
  • SUP 2: 112-04 Low Nov 21 and a key short-term support
  • SUP 3: 111-27+ Low Nov 14
  • SUP 4: 110-12+ Low Nov 10

Treasury futures are trading higher and price has breached the Nov 16, 113-11 high. The break of this hurdle confirms a resumption of the current uptrend and signals scope for a continuation higher. Price continues to trade above the 50-day EMA - the recent break of this average strengthened the case for bulls. Sights are on 113-30 next, the Oct 4 high and a key short-term resistance. Key support is at 112-04, the Nov 21 low.