Free Trial

(M3) Corrective Bounce

US 10YR FUTURE TECHS
  • RES 4: 114-16+ 50-day EMA
  • RES 3: 114-07 20-day EMA
  • RES 2: 113-25 High May 24
  • RES 1: 113-12+ High May 25
  • PRICE: 113-05+ @ 16:37 BST May 30
  • SUP 1: 112-03+ Intraday low
  • SUP 2: 111-31 76.4% retracement of the Mar 2 - 24 rally
  • SUP 3: 111-20+ Low Mar 10
  • SUP 4: 111-00 Round number support

Treasury futures have registered another short-term trend low Tuesday of 112-03+. Price has also recovered from Tuesday’s low. The trend outlook is bearish and short-term gains are considered corrective. The recent break of 113-30+, the Apr 19 low and a key support, reinforced a bearish theme and the focus is on 111-31 next, 76.4% of the Mar 2 - 24 rally. Initial resistance is seen at 113-12+, the May 25 high.

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.