Free Trial

(M2)‌‌ Resistance Remains Intact

US 10YR FUTURE TECHS
  • RES 4: 126-04 High Mar 14RES 3: 124-06+ 20-day EMA
  • RES 2: 123-25+ Low Mar 16 and a recent breakout level
  • RES 1: 122-26+/123-12 Intraday high / Mar 23
  • PRICE: 122-0+ @ 11:08 GMT Mar 30
  • SUP 1: 120-30+ Low Mar 28 and the bear trigger
  • SUP 2: 120.28 Low Dec 26 2018 (cont)
  • SUP 3: 120-04+ Low Dec 12/13 2018 (cont)
  • SUP 4: 120.00 Low Dec 6 2018 (cont) and psychological support

The trend direction in Treasuries is bearish and short-term gains are considered corrective. A bearish price sequence of lower lows and lower highs continues to dominate and moving average conditions are in a bear mode. The recent break lower signals scope for weakness towards 120-28 next ahead of the psychological 120-00 handle. Resistance is seen at 123-12, the 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.