Free Trial

(H2)‌‌ Bear Threat Remains Present

  • RES 4: 129-31 Low Dec 8
  • RES 3: 129.14 High Jan 5
  • RES 2: 129-03 50-day EMA
  • RES 1: 128-08+/22+ 20-day EMA / High Jan 24
  • PRICE: 127-21 @ 11:51 GMT Feb 4
  • SUP 1: 127-06+/02 Low Jan 26 / Low Jan 19 and the bear trigger
  • SUP 2: 127-00+ Low Jul 31, 2019 (cont)
  • SUP 3: 126-23 Low Jul 17, 2019 (cont)
  • SUP 4: 126-10+ 61.8% retracement of the 2018 - 2020 bull cycle

Treasuries traded lower Thursday. A potential triangle formation or pennant has appeared on the daily chart. These are continuation patterns and in this instance reinforce the underlying bearish theme. Key support is at 127-02, Jan 19 low, where a break would confirm a resumption of the downtrend. Key resistance is unchanged at 128-27, Jan 13 high. Clearance of this hurdle would signal a short-term reversal.

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.