Steve Miley, MSTA
MarketChartist
US 10yr future now aims for 125-025 and maybe key 125-07/08 targets
We have repeated in our client reports all week that within the broader range theme “we still see a skewed bias higher for a push to test the 124/145/175 area, but likely capped by 125-025”.
The Thursday push through 124-145/175 after a Wednesday stall here leaves the bias higher Friday.
We still see a broader range defined by 122-23/225 to 125-07/08, but see the risk towards 125-025 Friday, maybe for a challenge to critical 125-07/08 barriers.
WHAT CHANGES THIS?
Upside: Above 125-08 re-energizes bullish pressures to aim through key 125-07/08 barriers for 125-25/26 and 126-155.
Downside: A break below 122-225 re-energizes bear risks aims for key 122-09/03 chart props.
Daily US 10yr June Future: Adjusted Continuation Chart
THERE IS SUBSTANTIAL RISK OF LOSS IN TRADING FUTURES, OPTIONS AND FX PRODUCTS. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE
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