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Fresh Cycle Low For TYM2

US TSYS

Futures have softened in early Asia trade, with a lack of headline drivers apparent. TYM2 has moved through Monday’s trough to last deal -0-07 at 119-17 after printing as low as 119-14+, with the latter representing a fresh cycle low. A quick reminder that moving average studies continue to point south, with the contact’s primary technical downtrend remaining intact. The next level of meaningful technical support is located at the Dec 3 ’18 low, based on a continuation chart (119-04+).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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