Free Trial

(H3)‌‌ Bull Cycle Still In Play

US 10YR FUTURE TECHS
  • RES 4: 117-17+ 1.00 proj of the Nov 3 - Dec 13 - Dec 30 price swing
  • RES 3: 117-00 High Sep 8 2022
  • RES 2: 116-30 2.0% 10-dma env
  • RES 1: 116-08 High Jan 19
  • PRICE: 115-10+ @ 11:29 GMT Jan 20
  • SUP 1: 114-16 Low Jan 18
  • SUP 2: 114-09+ Low Jan 17 and a key support
  • SUP 3: 114-03+ 20-day EMA
  • SUP 4: 113-26+ Low Jan 10

Treasury futures traded higher Thursday to maintain the positive price sequence of higher highs and higher lows and note that moving average studies are highlighting a bullish backdrop. On the continuation chart, the 200-dma has been pierced. A clear break would reinforce current conditions. The focus is on 116-30, the upper band of a MA envelope. Key support to watch is 114-09+, Jan 17 low. The latest pullback is considered corrective.

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.