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MNI: PBOC Net Drains CNY173 Billion via OMOs Friday

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(M3)‌‌ Trend Needle Points South

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 113-19+ 50-day EMA
  • RES 3: 113-03 High Feb 15
  • RES 2: 112-27+ 20-day EMA
  • RES 1: 112-03 High Feb 24
  • PRICE: 111-18+ @ 11:35 GMT Mar 1
  • SUP 1: 111-04+ Low Feb 24
  • SUP 2: 111-00 2.618 proj of the Jan 19 - Jan 30 - Feb 2 price swing
  • SUP 3: 110-11 Lower 2.0% Bollinger Band
  • SUP 4: 110-06 3.00 proj of the Jan 19 - Jan 30 - Feb 2 price swing

Treasury futures are consolidating but remain in a clear downtrend and price is trading close to its recent lows. Recent weakness maintains the current bearish sequence of lower lows and lower highs. Potential is seen for a move towards the 111.00 handle next, a Fibonacci projection. Moving average studies are in a bear mode position, highlighting current market sentiment. Initial resistance is seen at 112-03, the Feb 24 high.

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  • RES 4: 113-19+ 50-day EMA
  • RES 3: 113-03 High Feb 15
  • RES 2: 112-27+ 20-day EMA
  • RES 1: 112-03 High Feb 24
  • PRICE: 111-18+ @ 11:35 GMT Mar 1
  • SUP 1: 111-04+ Low Feb 24
  • SUP 2: 111-00 2.618 proj of the Jan 19 - Jan 30 - Feb 2 price swing
  • SUP 3: 110-11 Lower 2.0% Bollinger Band
  • SUP 4: 110-06 3.00 proj of the Jan 19 - Jan 30 - Feb 2 price swing

Treasury futures are consolidating but remain in a clear downtrend and price is trading close to its recent lows. Recent weakness maintains the current bearish sequence of lower lows and lower highs. Potential is seen for a move towards the 111.00 handle next, a Fibonacci projection. Moving average studies are in a bear mode position, highlighting current market sentiment. Initial resistance is seen at 112-03, the Feb 24 high.