Free Trial

‌‌(H1)‌‌ Corrective Phase

US 10YR FUTURE TECHS
  • RES 4: 137-24 50-day EMA
  • RES 3: 137-0++ Low Dec 4
  • RES 2: 137-00 Round number resistance
  • RES 1: 136-29+ High Jan 8
  • PRICE: 136-26+ @ 16:22 GMT Jan 14
  • SUP 1: 136-01 Low Jan 12
  • SUP 2: 135-25+ 76.4% of the Mar - Aug rally
  • SUP 3: 135-08 23.6% 2018-2020 Rally
  • SUP 4: 133-21 Low Mar 19

Treasuries traded higher Wednesday and remains a little firmer into the Thursday close. Recent gains are considered a correction although, it is possible that S/T strength may dominate to allow a recent oversold condition to unwind further. Resistance levels to watch are: 136-29+, Jan 1 high and 137-07+, Dec 4 low. The latter level is likely the firmer resistance. On the downside, the bear trigger lies at 136-01. A break would resume the downtrend.

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.