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TYU2 Still Edging Lower

US TSYS

TYU2 continues to pull lower, printing as low as 119-14+. Note that there isn’t much in the way of technical support observed until the May 23 low (119-03). Our technical analyst has previously noted that the recent gains in the contract are still considered corrective, with the primary bearish trend direction remaining intact. A break through the aforementioned initial support level would allow bears to start reasserting control.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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