POWER: D.TRADING, ib vogt Sign PPA in Poland

• Treasuries extending session lows after the much better than expected rise in new home sales ($ MoM figure) - nearing yesterday's low.
• Currently, the Dec'25 10Y trades -6 at 112-22 (yld 4.1369% +.0308) vs. 112-21.5 low - nearing technical at 112-205/112-155 (Low Sep 22 / High Aug 5 and 14). resistance above at 113-12/29 High Sep 18 / High Sep 11 and the bull trigger.
• Curves mildly steeper: 2s10s +2.913 at 54.711, 5s30s +.261 at 105.195.
• US$ index near highs, Bbg's BBDXY +6.31 at 1201.98. 

• RES 4: 6812.29 2.382 proj of the Aug 20 - 28 - Sep 2 price swing 
• RES 3: 6800.00 Round number resistance 
• RES 2: 6787.63 1.382 proj of the Aug 1 - 15 - 20 price swing   
• RES 1: 6756.75 High Sep 22  
• PRICE: 6709.50 @ 14:55 BST Sep 24
• SUP 1: 6625.74 20-day EMA
• SUP 2: 6577.25 Low Sep 10 
• SUP 3: 6506.07 50-day EMA 
• SUP 4: 6417.25 Low Aug 12 

A bull cycle in S&P E-Minis remains intact and the contract traded to a fresh cycle high on Monday. Price has recently breached the 6700.00 handle and this signals scope for an extension towards 6787.63, a Fibonacci projection point. Moving average studies remain in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Initial support to watch lies at 6625.74, the 20-day EMA.

• MNI: US AUG NEW HOME SALES +20.5% TO 0.800M SAAR
• US JUL NEW HOME SALES REVISED TO 0.664M SAAR