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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.
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Free Access(H3) Short-Term Corrective Bounce
- RES 4: 114-17 76.4% retracement of the Dec 13 - 30 bear leg
- RES 3: 114-01+ High Dec 21
- RES 2: 113-15+ High Dec 23
- RES 1: 113-09+ 20-day EMA
- PRICE: 112-28+ @ 11:50 GMT Jan 3
- SUP 1: 112-12+/111-28 Intraday low / Low Dec 30
- 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 have recovered from the late December lows and the contract is firmer today. The trend condition remains bearish and short-term gains appear to be a correction. Recent weakness through a number of support points suggest scope for a continuation lower near-term. A resumption of weakness would open 111-27+ next, a Fibonacci retracement. On the upside, resistance to watch is at 113-09+, the 20-day EMA.
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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.