Free Trial

(M2)‌‌ Gains Still Considered Corrective

US 10YR FUTURE TECHS
  • RES 4: 128-17 High Jan 24
  • RES 3: 128-08+ High Feb 1
  • RES 2: 127-29+ 50-day EMA (cont)
  • RES 1: 127-12+ High Feb 28
  • PRICE: 127-03+ @ 16:30 GMT Feb 28
  • SUP 1: 125-29 Low Feb 25
  • SUP 2: 125-14+ Low Feb 10 and the bear trigger
  • SUP 3: 125-06+ Low May 30 2019 (cont)
  • SUP 4: 124-28 2.00 proj of the Jan 13 - 19 - 24 price swing

Treasuries rallied Thursday to a high of 127-11+ and briefly traded above this level earlier Monday. Recent gains still signal scope for an extension of the current corrective cycle and attention is on the 50-day EMA at 127-29+ (cont). Moving average studies still highlight a broader bearish trend condition and the 50-day EMA is seen as an important area of resistance. For bears, support to watch is at 125-14+, Feb 10 low and bear trigger.

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.