Free Trial

(M4) Impulsive Sell-Off

US 10YR FUTURE TECHS
  • RES 4: 111-10+ High Mar 13
  • RES 3: 110-21/31+ 50-day EMA / High Mar 27 and key resistance
  • RES 2: 110-06 High Apr 4
  • RES 1: 109-26+ Intraday high
  • PRICE: 108-21 @ 14:00 BST Apr 10
  • SUP 1: 108-17+ Intraday low
  • SUP 2: 108-06+ 2.236 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 108-00 Round number support
  • SUP 4: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)

A sharp sell-off in Treasuries today reinforces the current bearish cycle and confirms a resumption of this year’s downtrend. The contract has traded through the 109-00 handle and breached 108-25, the 2.00 projection of Dec 27 - Jan 19 - Feb 1 price swing. This opens 108-06+ next, the 2.236 projection. Initial resistance has been defined at 109-26+, today’s intraday high. Key short-term resistance is at 110-06, the Apr 4 high.

142 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: 111-10+ High Mar 13
  • RES 3: 110-21/31+ 50-day EMA / High Mar 27 and key resistance
  • RES 2: 110-06 High Apr 4
  • RES 1: 109-26+ Intraday high
  • PRICE: 108-21 @ 14:00 BST Apr 10
  • SUP 1: 108-17+ Intraday low
  • SUP 2: 108-06+ 2.236 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 108-00 Round number support
  • SUP 4: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)

A sharp sell-off in Treasuries today reinforces the current bearish cycle and confirms a resumption of this year’s downtrend. The contract has traded through the 109-00 handle and breached 108-25, the 2.00 projection of Dec 27 - Jan 19 - Feb 1 price swing. This opens 108-06+ next, the 2.236 projection. Initial resistance has been defined at 109-26+, today’s intraday high. Key short-term resistance is at 110-06, the Apr 4 high.