Free Trial

(H2)‌‌ Resumes Its Downtrend

US 10YR FUTURE TECHS
  • RES 4: 129-29+ 50-day EMA
  • RES 3: 129-09 20-day EMA
  • RES 2: 128-27 High Jan 13
  • RES 1: 128-01+ Intraday high
  • PRICE: 127-22+ @ 11:36 GMT Jan 18
  • SUP 1: 127-15 Intraday low
  • SUP 2: 127-07 2.236 proj of the Dec 20 - 29 - 31 price swing
  • SUP 3: 127-00 Round number support
  • SUP 4: 126-26+ 2.50 proj of the Dec 20 - 29 - 31 price swing

Treasuries have started the week on a softer note, breaking lower and clearing support at 127-30, Jan 10 low. The move confirms a resumption of the underlying downtrend and clears the way for weakness towards 127-07 next, a Fibonacci projection. Moving average studies remain in a bear mode condition, highlighting the current trend direction. On the upside, a firm short-term resistance has been defined at 128-27, Jan 13 high.

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.