Free Trial

(H3)‌‌ Support At The 50-Day EMA Exposed

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: 114-28/115-13 High Jan 27 / High
  • PRICE: 114-17 @ 16:26 GMT Jan 31
  • SUP 1: 114-05+ Low Jan 30
  • SUP 2: 114-00 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 traded to new lows Monday, taking out key support at the Jan 17 low of 114-09+. The break of this level undermines the recent bull theme and signals scope for a deeper retracement. Next support undercuts at the 50-day EMA, at 114-00. The average represents a key support. On the upside a key short-term resistance is at 115-13, the Jan 25 high. A break would ease any developing bearish threat.

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.