US 10YR FUTURE TECHS: (Z5) Monitoring Support At The 50-Day EMA

• 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: 113-00 High Sep 24 
• PRICE:‌‌ 112-29 @ 10:55 BST Oct 3
• SUP 1: 112-11/01 50-day EMA / 50.0% of 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  

Treasuries bounced Wednesday and the contract is holding on to its latest gains. Support at the 50-day EMA, currently at 112-12, has been pierced but remains intact. 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 unchanged, at 113-00, the Sep 24 high. A break would be bullish.