Free Trial

(H2)‌‌ Continuation Trend Extends Lower

US 10YR FUTURE TECHS
  • RES 4: 129-14 High Jan 5
  • RES 3: 128-24 50-day EMA
  • RES 2: 128-22+ High Jan 24
  • RES 1: 127-01/24 High Feb 7 / High Feb 4
  • PRICE: 125-30+ @ 16:32 GMT Feb 10
  • SUP 1: 125-28+ Low Feb 09
  • SUP 2: 125-26+ 1.618 proj of the Jan 13 - 19 - 24 price swing
  • SUP 3: 125-06+ Low 30 May 2019
  • SUP 4: 124-22+ 2.0% 10-dma envelope

Treasuries solidified the bearish trend condition Thursday, diving through nearby support layered between 126-01 and 125-10+. This put the contract at a fresh cycle low. Thursday’s price action marks an extension of the continuation pattern, reinforcing bearish conditions. Having cleared 126-10+ and 126-01, focus turns lower to 125-26+ for the next key level.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.