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(Z3) Trips Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 109-20 High Sep 19
  • RES 3: 108-31 50-day EMA
  • RES 2: 107-19/108-16 20-day EMA / High Oct 12
  • RES 1: 106-15+ High Oct 18
  • PRICE: 105-18 @ 11:39 BST Oct 19
  • SUP 1: 105-12+ Intraday low
  • SUP 2: 105-01+ 2.0% 10-dma envelope
  • SUP 3: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 104-17+ Low Jul’07

Treasuries traded lower again Wednesday and remain soft today as the global rout on bonds continues. Key support at 106-03+, the Oct 4 low, has given way, confirming a resumption of the downtrend. The move down has exposed the 2.0% 10-dma envelope support of 105-01+next. Key short-term trend resistance has been defined at 108-16, Oct 12 high, where a break is required to highlight a short-term reversal. Initial firm resistance is at 107-19.

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