MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M4) Clears Channel Resistance

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-26+ High May 15
  • PRICE: 109-20 @ 16:48 BST May 15
  • SUP 1: 108-15 Low May 14
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 1074-04 Low Apr 25 and a key support

Treasuries recovered well off Tuesday’s low and traded higher again Wednesday. Price has moved through resistance at 108-27, the top of a bear channel drawn from the Feb 1 high. Note that, resistance at 109-09+, the May 3 high, has also been cleared, This reinforces the bullish importance of the channel break and signals scope for an extension higher near-term. Sights are on 110-00 next. Initial support is at 108-15, Tuesday’s low.

135 words

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.
  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-26+ High May 15
  • PRICE: 109-20 @ 16:48 BST May 15
  • SUP 1: 108-15 Low May 14
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 1074-04 Low Apr 25 and a key support

Treasuries recovered well off Tuesday’s low and traded higher again Wednesday. Price has moved through resistance at 108-27, the top of a bear channel drawn from the Feb 1 high. Note that, resistance at 109-09+, the May 3 high, has also been cleared, This reinforces the bullish importance of the channel break and signals scope for an extension higher near-term. Sights are on 110-00 next. Initial support is at 108-15, Tuesday’s low.