Free Trial

(U0) Corrective Recovery Intact

US 10YR FUTURE TECHS
  • RES 4: 140-20 1.00 projection of Jun 5 - 11 rally from Jun 16 low
  • RES 3: 140-13 Aug 4 / 5 / 6 high and major resistance
  • RES 2: 139-30 High Aug 11
  • RES 1: 139-21 High Aug 20 / 50% retrace of the Aug 4 - 13 sell-off
  • PRICE: 139-13+ @ 11:52 BST Aug 21
  • SUP 1: 139-08+ Low Aug 18 and 19
  • SUP 2: 138-28+/29 Low Aug 12 / 13 and the 100-dma
  • SUP 3: 138-23+ Low Jul 2
  • SUP 4: 138-07 Low Jun 16

Treasuries maintain this week's firmer tone as the corrective bounce off recent lows extends. Price action has probed the 50-day EMA and this does suggest scope for a stronger near-term recovery ahead of 139-21, a Fibonacci retracement and Thursday's high. Note that we continue to view S/T gains as a correction following the sharp sell-off between Aug 4 - 13. A move lower would refocus attention on last week's low of 138-28+.

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.