Free Trial

‌‌(H3)‌‌ Falls Further Below Trendline Support

US 10YR FUTURE TECHS
  • RES 4: 115-22+ High Feb 3
  • RES 3: 115-00 Round number resistance
  • RES 2: 114-06+ 20-day EMA
  • RES 1: 114-00+ 50-day EMA
  • PRICE: 112-06 @ 15:39 GMT Feb 15
  • SUP 1: 112-00 Low Feb 15
  • SUP 2: 111-28 / 28+ Low Dec 30 / 61.8% Oct - Jan Upleg
  • SUP 3: 111-01+ 2.0% 10-dma envelope
  • SUP 4: 109-22 Low Nov 3

Treasury futures remain bearish and have extended losses below trendline support on the back of the US CPI release Tuesday. The low of the day at 112-00 marks the weakest for the contract since early January, opening medium-term losses toward levels not seen since November. This strengthens the current bearish theme and exposes 111-28, the Dec 30 low. Key short-term resistance is seen at the 50-day EMA which intersects at 113-25+. A break of this EMA would ease bearish pressure.

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

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.