Free Trial

(H1)‌ Bearish Focus

US 10YR FUTURE TECHS
  • RES 4: 139-19+ High Nov 6
  • RES 3: 138-12 High Nov 9
  • RES 2: 138-08 High Nov 20 / 30 and bull trigger
  • RES 1: 137-26 High Dec 3
  • PRICE: 137-19 @ 11:45 GMT Dec 4
  • SUP 1: 137-08+ Low Dec 2
  • SUP 2: 137-05 76.4% retracement of the Nov 11 - 30 rally
  • SUP 3: 136-26+ Low Nov 11 and key support
  • SUP 4: 136-22 0.764 proj of Nov 5 - 11 sell-off from Nov 30 high

Treasuries have recovered off recent lows but resistance appears to have resourced again. A weaker outlook is maintained following Tuesday's sharp sell-off. An extension lower would signal scope for a move towards 137-05, a Fibonacci retracement ahead of 136-26+, the Nov 11 low and key support. On the upside, key resistance has been defined at 138-08, the Nov 20 and 30 high. A break of this hurdle is required to reinstate a bullish focus.

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.