(Z3) Post-NFP Recovery Builds

• RES 4: 109-24+ 50-day EMA
• RES 3: 108-26+ High Sep 22
• RES 2: 108-12 20-day EMA
• RES 1: 107-30+ High Oct 9
• PRICE: 107-12+ @ 13:21 BST Oct 10
• SUP 1: 106-03+/00 Low Sep 4 / Round number support
• SUP 2: 105-17 2.0% lower 10-dma envelope
• SUP 3: 105-14+ 3.0% Lower Bollinger Band
• SUP 4: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing

Markets traded firmer into the Monday close, with prices fading - but only slightly - off the week’s high. This builds the post-NFP recovery further. Last week’s lows are yet to be re-tested, and a further stabilisation in prices could show signs of a near-term reversal. For now, a bear trend in Treasuries remains intact, with the pressure going through on the back of the NFP release making for a strong negative close. Last week’s fresh cycle lows confirm a resumption of the downtrend and maintain the price sequence of lower lows and lower highs. Support at 107-07, the Sep 28 low, has been cleared signalling scope for the 106-00 handle next.