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(Z3) Strength to Strength

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: 109-17 High Nov 28
  • PRICE: 109-15 @ 17:12 GMT Nov 28
  • SUP 1: 108-07 50-day EMA
  • SUP 2: 108-05+ 20-day EMA
  • SUP 3: 107-00 Low Nov 13
  • SUP 4: 106-14 2.0% 10-dma envelope

The short-term trend condition in Treasuries firmed further Tuesday, with the break of first resistance at last week’s highs of 109-08+. Prices also cleared the 100-dma in the process - a notable level last broken above in March this year. 109-20 marks the next level, the Sep 19 high, but resistance seen stronger into 110-00 and above. Key short-term support has been defined at 107-00, the Nov 13 low. Initial support to watch lies at 108-07, the 50-day EMA.

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