Free Trial

(H2)‌‌ Support Remains Exposed

US 10YR FUTURE TECHS
  • RES 4: 129-31 Low Dec 8
  • RES 3: 129-16 50-day EMA
  • RES 2: 129.14 High Jan 5
  • RES 1: 128-19/27 20-day EMA / High Jan 13
  • PRICE: 127-21 @ 16:57 GMT Jan 27
  • 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 dipped Wednesday in response to the Fed rate decision and price remains near its recent lows. This keeps the broader downtrend intact. A bearish theme follows the recent break of support at 127-30, Jan 10 low. Furthermore, moving average studies remain in a bear mode, clearly highlighting current sentiment. 127-02, Jan 19 low, is the bear trigger for a resumption of the downtrend. Key S/T resistance is 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.