Free Trial

(H4) Impulsive Bull Rally

US 10YR FUTURE TECHS
  • RES 4: 114-00 Round number resistance
  • RES 3: 113-12+ 1.764 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 2: 112-28+ 1.618 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 1: 112-23 Intraday high
  • PRICE: 112-18+ @ 11:30 GMT Dec 14
  • SUP 1: 111-09+ High Dec 7 and a recent breakout level
  • SUP 2: 110-02 20-day EMA
  • SUP 3: 109-31+ Low Dec 11 and key short-term support
  • SUP 4: 109-12 50-day EMA

Treasuries rallied yesterday and the contract is firmer once again today. Resistance at 111-09+, the Dec 7 high, has been cleared. This confirms a resumption of the uptrend and confirms an extension of the price sequence of higher highs and higher lows. Sights are on 112-28+ next, a Fibonacci projection. On the downside, key short-term support has been defined at 109-31+, the Dec 11 low. First support is at 111-09+.

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.