Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

US 10-Year Corrective Bias Above 124-23/24

Published 06/25/2014, 03:02 AM
Updated 12/12/2023, 05:55 AM

U.S. 10-Year Corrective Bias above 124-23/24, but Firm Barrier at 124-31/ 125-00

US 10yr future rebound risk

A slightly positive tone on Tuesday, but still viewed as a digestion phase to start the week with further range activity expected into midweek.

The upside head fake last Thursday, faltering back from resistance at 124-23/24 ahead of better chart barriers at 124-31/ 125-00, leaves late June bear pressures intact.

We see a modest upside risk, maybe above 124-23/24, but capped by 125-00 into midweek.

For the week, we see downside extension risk through 124-025 for 123-25/21.

Overshoot threat is down to the key trend line from Sept 2013, now 123-05.

WHAT CHANGES THIS?

Above 124-24 eases bear risks; through 124-31 signals a neutral tone, only shifting positive above 125-175/185.

Please see full report with levels and latest screencast here:

4 Hour US 10yr Sept Future Chart

Adjusted Continuation Chart

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.