Free Trial

(H2)‌‌ Fresh Cycle Low

US 10YR FUTURE TECHS
  • RES 4: 129-14 High Jan 5
  • RES 3: 128-22+ High Jan 24
  • RES 2: 128-20 50-day EMA
  • RES 1: 127-01/24 High Feb 7 / High Feb 4
  • PRICE: 126-00+ @ 11:43 GMT Feb 11
  • SUP 1: 125-17+ Low Feb 10
  • SUP 2: 125-06+ Low May 30 2019 (cont)
  • SUP 3: 125-04+ 2.00 proj of the Jan 13 - 19 - 24 price swing
  • SUP 4: 124-22 2.0% 10-dma envelope

Treasuries resumed their downtrend Thursday, solidifying the bearish trend condition. The contract cleared a layer of support between 126-01 and 125-10+ and delivered a fresh cycle low. Thursday’s price action also highlights a continuation of the bearish price sequence of lower lows and lower highs. The focus turns to 125-06 next+, the 30 May 2019 (cont). Firm resistance is seen at 127-01.

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.