Free Trial

(H4) Sell-Off Firmer Through Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 3: 114-00 Round number resistance
  • RES 2: 113-12 High Dec 27 and the bull trigger
  • RES 1: 111-24/113-06+ 20-day EMA / High Feb 1
  • PRICE: 110-09 @ 17:07 GMT Feb 5
  • SUP 1: 110-22+ Intraday Low
  • SUP 2: 110-16 Low Dec 13
  • SUP 3: 109-31+ Low Dec 11 and a key short-term support
  • SUP 4: 109-17 50.0% of the Oct 19 - Dec 27 bull phase

Treasuries extended the Friday sell off across Monday trade, pushing futures pieces to new pullback lows of 110-22+ - below the bear trigger of 110-26. The move lower defines an initial key resistance at 113-06+, the Feb 1 high, where a break is required to reinstate a bullish theme and expose the bull trigger at 113-12, the Dec 27 high. On the downside, a continuation lower would strengthen the bearish threat and expose 110-16, the Dec 13 low.

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.