Free Trial

(H3)‌‌ Remains Below Last Week’s High

US 10YR FUTURE TECHS
  • RES 4: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 3: 115-03 1.764 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 2: 115-00 High Sep 19
  • RES 1: 114-28+ High Dec 2 and the bully trigger
  • PRICE: 114-02+ @ 15:33 GMT Dec 6
  • SUP 1: 113-21+/112-30 Low Dec 2 / 50-day EMA
  • SUP 2: 112-11+ Low Nov 21 and a key short-term support
  • SUP 3: 112-05+ Low Nov 14
  • SUP 4: 110-22 Low Nov 10

Treasury futures remain below last week’s high of 114-28+ - a key short-term resistance. The latest pullback is considered corrective for now with support at 112-30, the 50-day EMA. This represents an important short-term level. If breached, it would expose key trend support at 112-11+, the Nov 21 low where a break would highlight a stronger reversal. 114-28+ is the trigger for a resumption of the uptrend.

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.