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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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‌‌(H2)‌‌ Remains Vulnerable

US 10YR FUTURE TECHS
  • RES 4: 129-31 Low Dec 8
  • RES 3: 129-11+ 50-day EMA
  • RES 2: 129.14 High Jan 5
  • RES 1: 128-16/27 20-day EMA / High Jan 13
  • PRICE: 127-31+ @ 16:32 GMT Jan 28
  • 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 are just above the week’s lows into the Friday close and remain vulnerable with the broader downtrend intact. A bearish theme follows the recent break of support at 127-30, Jan 10 low. This maintains the price sequence of lower lows and lower highs and note that moving average studies are still in a bear mode. 127-02, Jan 19 low, is the trigger for a resumption of the downtrend. Key short-term resistance is at 128-27, Jan 13 high.

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

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