MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

MNI BRIEF: China's LPR Holds Steady In Dec

MNI: BANXICO CUTS RATES BY 25BPS TO 10.0% AS EXPECTED

MNI BRIEF: Fed To Expand SRF Around Year-End Market Pressures

MNI CNB WATCH: Rate Held At 4.0%; Inflation Rise 'Temporary'

MNI: US TSY TICS NET FLOWS IN OCT +$203.6B

EZ/UK Bond Supply Calendar: AS, UK, DE Auction on Jan 7

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US 10YR FUTURE TECHS: (H5) Bears Remains In The Driver’s Seat

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-02   Low Oct 14
  • RES 3: 111-24   38.2% retrace of the Sep 11 - Nov 15 bear leg  
  • RES 2: 111-01+/111-20+ 50-day EMA / High 6 and the bull trigger  
  • RES 1: 110-13   20-day EMA
  • PRICE:‌‌ 108-25+ @ 16:49 GMT Dec 19
  • SUP 1: 108-21   Low Dec 19
  • SUP 2: 108-12+ 1.382 proj of the Oct 1 - 14 - 16 price swing
  • SUP 3: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 4: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing

A bearish short-term theme in Treasury futures remains intact and Wednesday’s move lower reinforces the current trend condition. The contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108+12+, a Fibonacci projection. On the upside, initial firm resistance is at 110-13, the 20-day EMA.       

151 words

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.
  • RES 4: 112-02   Low Oct 14
  • RES 3: 111-24   38.2% retrace of the Sep 11 - Nov 15 bear leg  
  • RES 2: 111-01+/111-20+ 50-day EMA / High 6 and the bull trigger  
  • RES 1: 110-13   20-day EMA
  • PRICE:‌‌ 108-25+ @ 16:49 GMT Dec 19
  • SUP 1: 108-21   Low Dec 19
  • SUP 2: 108-12+ 1.382 proj of the Oct 1 - 14 - 16 price swing
  • SUP 3: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 4: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing

A bearish short-term theme in Treasury futures remains intact and Wednesday’s move lower reinforces the current trend condition. The contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108+12+, a Fibonacci projection. On the upside, initial firm resistance is at 110-13, the 20-day EMA.