FED: US TSY TO SELL $77.000 BLN 26W BILL NOV 03, SETTLE NOV 06

Oct-30 16:05

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Historical bullets

FED: US TSY TO SELL $105.000 BLN 4W BILL OCT 02, SETTLE OCT 07

Sep-30 16:05
  • US TSY TO SELL $105.000 BLN 4W BILL OCT 02, SETTLE OCT 07

US 10YR FUTURE TECHS: (Z5) Corrective Cycle Still In Play

Sep-30 16:01
  • RES 4: 114-10   High Apr 7 (cont.)
  • RES 3: 114-00   Round number resistance
  • RES 2: 113-12/29 High Sep 18 / High Sep 11 and the bull trigger 
  • RES 1: 112-23/113-00 20-day EMA / High Sep 24 
  • PRICE:‌‌ 112-18+ @ 17:01 BST Sep 30
  • SUP 1: 112-01   50.0% retracement of the Jul 15 - Sep 11 bull phase   
  • SUP 2: 111-26   Low Aug 26
  • SUP 3: 111-13+ Low Aug 18 and a key support  
  • SUP 4: 111-01+ 76.4% retracement of the Jul 15 - Sep 11 bull phase  

A short-term bear cycle in Treasury futures remains in play. Last Thursday’s sell-off resulted in a print below the 50-day EMA, currently at 112-10+. A clear break of this average would undermine a bull theme and signal scope for a deeper retracement. This would open 111-13+, the Aug 18 low and the next key support. On the upside, initial firm resistance to watch is 113-00, the Sep 24 high.

MNI: USDA: CORN STOCKS 1,532M BSL ON SEP 1

Sep-30 16:00
  • USDA: CORN STOCKS 1,532M BSL ON SEP 1
  • USDA: ALL WHEAT STOCKS 2,120M BSL ON SEP 1
  • USDA: SOYBEAN STOCKS 0,316M BSL ON SEP 1