Free Trial

(M2)‌‌ Edging Off Highs

US 10YR FUTURE TECHS
  • RES 4: 129-31 Low Dec 8 (cont)
  • RES 3: 129-13 3.00 proj of the Feb 10 - 14 - 15 price swing
  • RES 2: 129-00 Round number resistance
  • RES 1: 128-31+ High Mar 1
  • PRICE: 127-15+ @ 16:18 GMT Mar 2
  • SUP 1: 126-30 20-day EMA
  • SUP 2: 125-29 Low Feb 25
  • SUP 3: 125-14+ Low Feb 10 and the bear trigger
  • SUP 4: 125-06+ Low May 30 2019 (cont)

Treasuries edged lower throughout the Wednesday session, undoing much of the Tuesday rally. Nonetheless, this week’s gains have resulted in a break of both the 20- and 50-day EMAs and the break of the latter EMA strengthens the current bullish theme. Resistance at 128-17, Jan 24 high was breached Tuesday. This signals scope for a climb towards the 129-00 handle next. On the downside, the 20-day EMA is seen as an initial firm support. It intersects at 126-30.

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.