Free Trial

‌‌(H2)‌‌ Nearing First Resistance

US 10YR FUTURE TECHS
  • RES 4: 128-14 50-day EMA
  • RES 3: 127-24 High Feb 4
  • RES 2: 127-05+ 20-day EMA
  • RES 1: 127-01 High Feb 7
  • PRICE: 126-26 @ 16:50 GMT Feb 21
  • SUP 1: 125-17+ Low Feb 10 and the bear trigger
  • 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: 124-11 2.0% 10-dma envelope

Treasuries saw further support into the Monday close, boosting prices back toward first resistance at 127-01. The moves follow strength through the Friday close, setting Treasuries up well for the week. Nonetheless, rallies remain shallow for now, keeping the focus pointed lower. Price trades in close proximity to recent lows of 125-17+ where a break would confirm a resumption of the current downtrend. Scope is seen for a move to 125-06+ next, 30 May 2019 low (cont).

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.