US 10YR FUTURE TECHS: (Z5) Northbound
Sep-05 12:56
- RES 4: 114-00 Round number resistance
- RES 3: 113-26+ 2.764 proj of the Jul 15 - 22 - 28 price swing
- RES 2: 113-21 2.618 proj of the Jul 15 - 22 - 28 price swing
- RES 1: 113-16 Intraday high
- PRICE: 113-14+ @ 11:09 BST Sep 5
- SUP 1: 112-28+/112-04 Intraday low / 20-day EMA
- SUP 2: 111-22 50-day EMA
- SUP 3: 111-13+ Low Aug 18 and a key support
- SUP 4: 110-25 Low Aug 1
The trend outlook in Treasury futures is bullish and today’s rally strengthens this theme. The move higher also highlights an acceleration of the uptrend. Note too that moving average studies are in a bull-mode position, highlighting a dominant uptrend. This paves the way for an extension towards 113-21 next, a Fibonacci projection. Initial firm support to watch is 112-04, the 20-day EMA.
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