Free Trial

(M4) Bearish Trend Structure

US 10YR FUTURE TECHS
  • RES 4: 111-24 High Mar 12
  • RES 3: 111-10+ High Mar 13
  • RES 2: 110-24+/31+ 50-day EMA / High Mar 27 and key resistance
  • RES 1: 110-06 High Apr 4
  • PRICE: 109-15 @ 10:55 BST Apr 09
  • SUP 1: 109-00 Round number support
  • SUP 2: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 108-06+ 2.236 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 108-00 Round number support

A downtrend in Treasuries remains intact and Monday’s move lower reinforces the current bearish theme. The contract has cleared support at 109-09+, the Apr 3 low, confirming a resumption of this year's downtrend. The break lower opens the 109-00 handle and 108-25+, a Fibonacci projection level. Key short-term resistance has been defined at 110-31+, the Mar 27 high. First resistance to watch is 110-06, the Apr 4 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.