Free Trial

(M2)‌‌ Trend Remains Down

US 10YR FUTURE TECHS
  • RES 4: 126-26+ High Mar 10
  • RES 3: 126-04 High Mar 14
  • RES 2: 125-07+ 20-day EMA
  • RES 1: 123-25+ Low Mar 16 and a recent breakout level
  • PRICE: 122-20 @ 10:48 GMT Mar 24
  • SUP 1: 122-12 Low Mar 23
  • SUP 2: 122-00 Round number support
  • SUP 3: 121-15+ Low Mar 4 2019 (cont)
  • SUP 4: 121-02 Low Jan 18 2019 (cont)

Treasuries are trading lower today. Attention is on yesterday’s 122-12 low where a break would again confirm a resumption of the downtrend. This would also maintain the bearish price sequence of lower lows and low highs that clearly highlights current sentiment and would open 122-00. Firm resistance is seen at 125-07+, the 20-day EMA. Initial resistance is seen at 123-25+, the Mar 16 low and this week’s breakout level.

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.