Free Trial

(H1)‌‌ Key Support Cleared

US 10YR FUTURE TECHS
  • RES 4: 137-07 50-day EMA
  • RES 3: 137-02 High Feb 11 amd key resistance
  • RES 2: 136-15 High Feb 15
  • RES 1: 136-01 Low Jan 12 and the recent breakout level
  • PRICE: 135-25 @ 11:41 GMT Feb 17
  • SUP 1: 135-17 Intraday low
  • SUP 2: 135-16 1.00 proj of Jan 4 - Jan 12 sell-off from Jan 27 high
  • SUP 3: 135-00 1.236 proj of Jan 4 - Jan 12 sell-off from Jan 27 high
  • SUP 4: 134.22 1.382 proj of Jan 4 - Jan 12 sell-off from Jan 27 high

Treasuries slipped further Tuesday and traded below key support at Jan 12's 136-01 low. This reinforces the bearish theme and confirms a resumption of the downtrend from August 2020. The move lower opens 135-16 next, a Fibonacci projection. Note that 135-25+ has also been breached, 76.4% of the Mar - Aug 2020 rally, reinforcing bearish conditions. Trend resistance has been defined at 137-02, Feb 11 high. Gains are considered corrective.

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.