November 20, 2023 11:26 GMT
(Z3) Bull Cycle Remains In Play
US 10YR FUTURE TECHS
- RES 4: 110-07+ High Sep 14
- RES 3: 110-00 Round number resistance
- RES 2: 109-20 High Sep 19
- RES 1: 109-08+ High Nov 17
- PRICE: 108-20+ @ 11:14 GMT Nov 20
- SUP 1: 108-03 50-day EMA
- SUP 2: 107-24+ 20-day EMA
- SUP 3: 107-00 Low Nov 13
- SUP 4: 105-30+ 2.0% 10-dma envelope
Short-term bullish conditions in Treasuries remain intact following last week’s gains and the contract is trading closer to its recent highs. Price has recently pierced resistance at 108-25, the Nov 3 high. A clear break of this hurdle would signal scope for an extension towards 109-20, the Sep 19 high. Key short-term support has been defined at 107-00, the Nov 13 low. A reversal and a break of this support, would instead highlight a bearish threat.
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