Free Trial

(H4) Bear Leg Extends on CPI

US 10YR FUTURE TECHS
  • RES 4: 114-00 Round number resistance
  • RES 3: 113-12 High Dec 27 and the bull trigger
  • RES 2: 111-11/113-06+ 20-day EMA / High Feb 1
  • RES 1: 110-16 Low Feb 9
  • PRICE: 109-29+ @ 16:44 GMT Feb 13
  • SUP 1: 109-17 50.0% of the Oct 19 - Dec 27 bull phase
  • SUP 2: 109-05+ Low Nov 28
  • SUP 3: 108-19+ 61.8% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 108-14 Low Nov 15

A bear threat in Treasuries remains present and the post-CPI sell-off reinforces the current bearish theme. The break lower confirms a resumption of the downleg that started Dec 27. The 110-00 handle has been cleared and sights are on 109-17, a Fibonacci retracement. Clearance of this level would further strengthen the bearish theme. Initial firm resistance is at 111-11, the 20-day EMA.

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.