Free Trial

(H3)‌‌ Bear Cycle Extends

US 10YR FUTURE TECHS
  • RES 4: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 3: 115-14 50% Aug - Oct Downleg
  • RES 2: 114-23/115-11+ High Dec 19 / 13 and the bull trigger
  • RES 1: 113-20+ 20-day EMA
  • PRICE: 112-07+ @ 19:00 GMT Dec 28
  • SUP 1: 112-05+ Low Nov 14 and intraday low
  • SUP 2: 111-27+ 61.8% retracement of the Nov 3 - Dec 13 rally
  • SUP 3: 111-01 76.4% retracement of the Nov 3 - Dec 13 rally
  • SUP 4: 110-22 Low Nov 10

Treasury futures remain soft and the contract traded lower Wednesday, extending the pullback from 115-11+, the Dec 13 high and key resistance. The move lower has resulted in a print below support at 112-11+, the Nov 21 low. A clear break of this level would open 111-27+, a Fibonacci retracement level. On the upside, the 20-day EMA, at 113-20+, marks a firm resistance. A break is required to ease the current bearish pressure.

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.