Free Trial

(H3)‌‌ Remains Above Support

US 10YR FUTURE TECHS
  • RES 4: 117-00 High Sep 8 2022
  • RES 3: 116-08 High Jan 19 and the bull trigger
  • RES 2: 115-21 High Jan 20
  • RES 1: 115-19 High Feb 1
  • PRICE: 115-13+ @ 11:32 GMT Feb 2
  • SUP 1: 114-05+ Low Jan 30 and a key short-term support
  • SUP 2: 114-02+ 50-day EMA
  • SUP 3: 113-17+ 61.8% retracement of the Dec 30 - Jan 19 bull leg
  • SUP 4: 112-29 76.4% retracement of the Dec 30 - Jan 19 bull leg

Treasury futures rallied Wednesday and price remains above recent lows. The latest recovery eases a recent bearish threat and a key support has been defined at 114-05+, the Jan 30 low. A break of this level is required to reinstate a bearish theme. On the upside, a continuation higher would expose the bull trigger at 116-08, the Jan 19 high. A move above 116-08, would confirm a resumption of the uptrend that started Oct 21 last year.

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.