Free Trial

(M2)‌‌ Fresh Trend Low

US 10YR FUTURE TECHS
  • RES 4: 128-04 High Mar 8
  • RES 3: 127-14+ High Mar 9
  • RES 2: 126-18 20-day EMA
  • RES 1: 126-13+ High Mar 11
  • PRICE: 124-20 @ 11:15 GMT Mar 16
  • SUP 1: 124-10+ Intraday low
  • SUP 2: 124-01 Low May 23 2019 (cont)
  • SUP 3: 123-19+ 150.0% retracement of the Feb 10 - Mar 7 climb
  • SUP 4: 123-06 161.8% retracement of the Feb 10 - Mar 7 climb

Treasuries maintain this week’s bearish tone and have traded lower once again today. A bearish theme follows Monday’s strong sell-off that resulted in a break of key support at 125-14+, the Feb 10 low and a bear trigger. This has confirmed a resumption of the primary downtrend and marks an extension of the bearish price sequence of lower lows and lower highs. The focus is on 124-01 next. Initial resistance is seen at 126-13+.

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.