Free Trial

(M2)‌‌ Fresh Cycle Low

US 10YR FUTURE TECHS
  • RES 4: 126-04 High Mar 14
  • RES 3: 125-00+ 20-day EMA
  • RES 2: 123-25+ Low Mar 16 and a recent breakout level
  • RES 1: 123-12 High Mar 23
  • PRICE: 121-29+ @ 13:58 GMT Mar 25
  • SUP 1: 121-27 Intraday low
  • SUP 2: 121-15+ Low Mar 4 2019 (cont)
  • SUP 3: 121-02 Low Jan 18 2019 (cont)
  • SUP 4: 120.28 Low Dec 26 2018 (cont)

Treasuries have traded lower and cleared Wednesday’s low of 122-12. The break reinforces bearish conditions and confirms a resumption of the current downtrend. Furthermore, the move maintains the bearish price sequence of lower lows and low highs that clearly highlights current sentiment. Moving average conditions are bearish too. The focus shifts to 121-15+ next, the Mar 4 2019 low (cont). Initial resistance is at 123-12, Mar 23 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.