Free Trial

(H1)‌‌ Sixth Consecutive Down Day

US 10YR FUTURE TECHS
  • RES 4: 137-19+ Low Dec 16
  • RES 3: 137-08+ Low Dec 2
  • RES 2: 137-00 Round number resistance
  • RES 1: 136-26+ Low Nov 11 and recent break out level
  • PRICE: 136-02 @ 16:15 GMT Jan 12
  • SUP 1: 136-00 Round number support
  • SUP 2: 135-10+ 23.6% March Sell-Off
  • SUP 3: 135-08 23.6% 2018-2020 Rally
  • SUP 4: 133-21 Low Mar 19

Treasuries secured the sixth consecutive session of losses Tuesday, a losing streak not seen since mid-October. 136-04+ gave way, marking the 1.00 projections of the Nov 5 - 11 sell-off from the Nov 30 high. This opens key Fib supports at 135-08/135-10+ which provide some support. Initial resistance is seen at 136-26+, ahead of the 137-00 handle. Short-term gains would be considered a correction.

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.