Free Trial

‌‌(M1)‌‌ Bear Mode Condition Intact

US 10YR FUTURE TECHS
  • RES 4: 133-13+ 50-day EMA
  • RES 3: 133-00+/06+ High Mar 11 and key resistance / High Mar 4
  • RES 2: 132-09/09+ High Mar 17 and Mar 24
  • RES 1: 131-31+ Mar 29 high
  • PRICE: 131-19 @ 16:30 GMT Apr 6
  • SUP 1: 130-25+ Low Apr 5
  • SUP 2: 130-07 Lower 3.0% Bollinger Band / Low Feb 2, 2020
  • SUP 3: 129-19 Low Jan 24, 2020 (cont)
  • SUP 4: 128-29 Low Jan 17, 2020 (cont)

US 10y futures are consolidating and remain in a bear mode. The contract resumed its downtrend last week with a break of former support and trend low at 131-00, Mar 18 low. This opens 130-07 and the psychological 130-00 handle. The move lower maintains the bearish sequence of lower lows and lower highs and together with bearish moving average conditions, reinforces the current sentiment. Key resistance is unchanged at 132-09+, Mar 25 high.

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.