Free Trial

‌‌(U1)‌‌ Corrective Pullback

US 10YR FUTURE TECHS
  • RES 4: 133-27 1.50 proj of Apr 29 - May 7 - May 13 price swing
  • RES 3: 133-20+ 1.0% 10-dma envelope
  • RES 2: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 1: 133-06+ High Jun 11
  • PRICE: 132-17 @ 15:36 BST Jun 15
  • SUP 1: 132-04 20-day EMA
  • SUP 2: 131-18 Low Jun 3 and 4 and key short-term support
  • SUP 3: 131-01/130-31+ Low May 19 / Low May 13
  • SUP 4: 130-23+/17+ Low Apr 29 / Low Apr 13

US 10y futures have pulled back from recent highs. Despite this move lower, the outlook remains bullish. This follows last week's breach of 132-20+, May 7 high. The break higher suggests scope for stronger gains and has confirmed a bullish price sequence of higher highs and higher lows. Attention is on 133-11, a Fibonacci projection. Key near-term support is at 131-18, the Jun 3, 4 low. Initial support lies at 132-04, the 20-day EMA.

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.