Free Trial

(H1)‌‌ Trading Closer To Recent Lows

  • RES 4: 137-29+ High Jan 6
  • RES 3: 137-20+ High Jan 27 and the bull trigger
  • RES 2: 137-10+ High Jan 29
  • RES 1: 136-29+/37-00 High Feb 5 / 20-day EMA
  • PRICE: 136-21 @ 11:35 GMT Feb 10
  • SUP 1: 136-14+ Low Feb 8
  • SUP 2: 136-13 76.4% retracement of the Jan 12 - 27 rally
  • SUP 3: 136-12 Lower 2% Bollinger Band
  • SUP 4: 136-01 Low Jan 12 and a key support

Treasuries are unchanged and maintain a softer tone following the recent sell-off. Attention is on 136-13, the 76.4% retracement of the rally between Jan 12 - 27 where a break would expose 136-01, the Jan 12 low and a key support. The recent focus had been on the potential for a stronger recovery but this is on hold for now. Resistance is seen at 136-29+, Feb 5 high. The 20-day EMA intersects at 137-00.

To read the full story



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.