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(Z3) Trend Needle Points North

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: 109-01 @ 16:47 GMT Nov 21
  • SUP 1: 108-04 50-day EMA
  • SUP 2: 107-27+ 20-day EMA
  • SUP 3: 107-00 Low Nov 13
  • SUP 4: 106-02+ 2.0% 10-dma envelope

Treasuries are unchanged. Short-term bullish conditions remain intact and the contract is trading closer to its recent highs. Price has recently traded above 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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