Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U0) Outlook Still Points Lower

  • RES 4: 141-00 1.0% 10-dma envelope
  • RES 3: 140-24 High Mar 9 and key resistance (cont)
  • RES 2: 140-20 1.00 projection of Jun 5 - 11 rally from Jun 16 low
  • RES 1: 140-13 Aug 4 / 5 / 6 High
  • PRICE: 139-04+ @ 16:04 BST Aug 14
  • SUP 1: 138-31+ 100-dma
  • SUP 2: 138-28+ Low Aug 12 / 13
  • SUP 3: 138-23+ Low Jul 2 and key near-term support
  • SUP 4: 138-07 Low Jun 16 and reversal trigger

The recent sell-off has slowed a little Friday, but the outlook has deteriorated having shown below the 139-00 handle. Thursday marked five consecutive sessions of lower lows for Treasuries, with key support giving way at 139-08, Jul 28 low - opening 138-23+. Last week, markets had trouble topping congestion resistance at 140-13 on three occasions, and this marks a key level for bulls going forward.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to


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.