Free Trial

‌‌(H1)‌‌ Finds Resistance Ahead Of 137-00

US 10YR FUTURE TECHS
  • RES 4: 137-21+ 50-day EMA
  • RES 3: 137-07+ Low Dec 4
  • RES 2: 137-00 Round number resistance
  • RES 1: 136-31+ High Jan 12
  • PRICE: 136-28 @ 16:41 GMT Jan 19
  • SUP 1: 136-12 Low Jan 13
  • 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 rebounded into the close after a soft start to the session but continue to find resistance at 136-31+. Recent gains are considered a correction that is allowing a recent oversold condition to unwind. Resistance levels to watch are 137-00, a round number resistance and 137-07+, the Dec 4 low. A break above the latter level would allow for a stronger recovery. On the downside, the bear trigger lies at 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.