Free Trial

‌‌(H1)‌‌ Corrective Bounce Still In Play

US 10YR FUTURE TECHS
  • RES 4: 137-29+ High Jan 6
  • RES 3: 137-18+ Low Dec 16 and 50-day EMA
  • RES 2: 137-07+ Low Dec 4
  • RES 1: 137-05 20-day EMA
  • PRICE: 136-31 @ 11:18 GMT Jan 22
  • SUP 1: 136-16 Low Jan 14
  • SUP 2: 136-01 Low Jan 12
  • SUP 3: 135-25+ 76.4% of the Mar - Aug rally
  • SUP 4: 135-08 23.6% 2018-2020 Rally

Treasuries are holding onto recent gains. The pace of the recent recovery from 136-01, Jan 12 low appears to be slowing. The climb is still considered a correction that has allowed an oversold trend reading to unwind. MA studies continue to point south reinforcing a bearish theme. Resistance is at 137-07+, Dec 4 low with the 20-day EMA just below at 137-05. A break of 137-07+ would allow for a stronger recovery. The bear trigger is 136-01.

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.