Free Trial

(H1)‌‌ Sharp Sell-Off Probes 137-07+

US 10YR FUTURE TECHS
  • RES 4: 138-12 High Nov 9
  • RES 3: 138-08 High Nov 20 / 30, Dec 21 and a bull trigger
  • RES 2: 137-29 Intraday high
  • RES 1: 137-19+ Low Dec 16
  • PRICE: 137-08 @ 11:06 GMT Jan 6
  • SUP 1: 137-06+ Intraday low
  • SUP 2: 137-05 76.4% retracement of the Nov 11 - 30 rally
  • SUP 3: 137-00 Round number support
  • SUP 4: 136-26+ Low Nov 11 and a bear trigger

Treasuries are down sharply today and key resistance at 138.08 has remained intact, Nov 20 / 30 and Dec 21 high. The move lower has probed a key support at 137-07+, low Dec 4. From a technical standpoint, a clear breach of this level would open 137.00 and 136.26+, Nov 11 low. The latter is an important bear trigger point. On the upside, initial resistance is seen at 137-19+, Dec 16 low. Firmer resistance is at today's high of 137-29+.

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.