Free Trial

Awaiting Payrolls

US 10YR FUTURE TECHS
  • RES 4: 141-00 1.0% 10-dma envelope
  • RES 3: 140-24 High Mar 9 and key resistance (cont)
  • RES 2: 140-20 1.00 projection of Jun 5 - 11 rally from Jun 16 low
  • RES 1: 140-13 Aug 4 / 5 / 6 High
  • PRICE: 140-06 @ 11:25 BST Aug 7
  • SUP 1: 139-08 Low Jul 28
  • SUP 2: 139-00+ Low Jul 13
  • SUP 3: 138-23+ Low Jul 2 and key near-term support
  • SUP 4: 138-07 Low Jun 16 and reversal trigger

Markets have had trouble topping congestion resistance at 140-13 on three occasions this week. The broader outlook remains bullish, however, with the week's lows yet to be tested on any pullbacks. Having cleared 139-25 last week, Treasury futures remain focused on the March continuation high at 140-24. On the downside, key support has been defined at 139-08, Jul 28 low a break of which would dent the current bullish tone.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.