Free Trial

(M4) Clears Support

US 10YR FUTURE TECHS
  • RES 4: 111-24 High Mar 12
  • RES 3: 111-10+ High Mar 13
  • RES 2: 110-28/31+ 50-day EMA / High Mar 27 and key resistance
  • RES 1: 110-17+ 20-day EMA
  • PRICE: 109-22+ @ 11:10 GMT Apr 03
  • SUP 1: 109-14+ Low Nov 28 & Apr 02
  • SUP 2: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 109-00 Round number support
  • SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

A bearish theme in Treasuries remains intact and this week’s sell-off has reinforced this condition. Yesterday’s extension resulted in the breach of support at 109.24+, the Mar 18 low and a bear trigger. This confirms a resumption of this year's downtrend. The move down opens 109-12+ next, a Fibonacci projection ahead of the 109.00 handle further out. Key short-term resistance has been defined at 110-31+, the Mar 27 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.