MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITY TECHS: (Z4) Corrective Cycle

EQUITY TECHS
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-25+ @ 16:46 BST Oct 1
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-29   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries are in consolidation mode. The bear cycle that started on Sep 11, still appears to be a correction. The trend condition is bullish and moving average studies are in a bull-mode set-up. The contract has pierced the 20-day EMA. A clear break of this average would signal scope for a deeper retracement, towards 113-29, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger.

154 words

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.
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-25+ @ 16:46 BST Oct 1
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-29   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries are in consolidation mode. The bear cycle that started on Sep 11, still appears to be a correction. The trend condition is bullish and moving average studies are in a bull-mode set-up. The contract has pierced the 20-day EMA. A clear break of this average would signal scope for a deeper retracement, towards 113-29, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger.