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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.
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(U1) Attention Is On The Channel Top
- RES 4: 134-19 38.2% 2020 - 2021 Sell-off
- RES 3: 134-12+ High Feb 26 (cont)
- RES 2: 134-06 1.618 proj of the Jun 17 - 21 - 25 price swing
- RES 1: 134-03/06+ High Jul 8 / Bull channel top off the May 30 low
- PRICE: 133-14+ @ 11:51 BST Jul 13
- SUP 1: 133-06+ Low Jul 7
- SUP 2: 132-30 High Jun 21 and recent breakout level
- SUP 3: 132-10 Bull channel base drawn off the May 30 low
- SUP 4: 131-24+/14 Low Jun 25 / Low Jun 17 and a key support
Treasury futures remain below last week's high. A bullish theme remains in place though. Last week's 134-03 high marked a test of the bull channel top drawn from the May 30 low. The channel top remains intact, at 134-06+ today and a break is needed to confirm the next leg higher. The channel has identified the upper and lower boundaries of the uptrend. A deeper retracement would signal scope for a move towards the channel base.
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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.