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(Z3) Trend Structure Remains Bearish

US 10YR FUTURE TECHS
  • RES 4: 109-20 High Sep 19
  • RES 3: 108-06+/16 50-day EMA / High Oct 12 and key resistance
  • RES 2: 107-22+ High Oct 16
  • RES 1: 106-25+ 20-day EMA
  • PRICE: 106-07+ @ 17:18 GMT Oct 31
  • SUP 1: 105-10+ Low Oct 19 and the bear trigger
  • SUP 2: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 3: 103-31+ 2.0% 10-dma envelope
  • SUP 4: 103-20+ Low Jun’07

Treasuries are consolidating. The trend condition is unchanged and the direction remains down. The recent breach of 106-03+, the Oct 4 low, confirmed a resumption of the downtrend and maintains the price sequence of lower lows and lower highs. The focus is on 104-26, a Fibonacci projection. Key short-term trend resistance is at 108-16, the Oct 12 high. Initial firm resistance is at 106-25+, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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