Free Trial

(H1)‌‌ ‌Corrective Pullback ‌ ‌

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: 138-07 High Dec 11
  • PRICE: 137-28 @ 11:32 GMT Dec 16
  • SUP 1: 137-23 Low Dec 14
  • SUP 2: 137-15 Low Dec 9
  • SUP 3: 137-07+ Low Dec 4 and the bear trigger
  • SUP 4: 137-05 76.4% retracement of the Nov 11 - 30 rally

Treasuries traded lower Tuesday but remain closer to recent highs following last week's breach of 137-31+, Dec 8 high. The break improves the outlook for bulls and attention is on resistance at 138-08, Nov 20 / 30 high and a bull trigger. Clearance of this hurdle would represent an important technical breack and highlight a reversal, signalling scope for a rally towards 138-12, Nov 9 high and beyond. Sub 137-15 levels reinstates a bearish threat.

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.