Trial now
BTP TECHS

(Z1) Erodes Support

BONDS

Off Lows

GILT TECHS

(Z1) Remains Heavy

INDIA

Indian Issuance Plan Looms

SCHATZ TECHS

(Z1) Trend Conditions Remains Bearish

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 135-22 2.618 proj of Jun 17 - 21 - 25 price swing
  • RES 3: 135-19+ 50% Aug'20 - May'21 Sell-Off
  • RES 2: 135-09 High Feb 25
  • RES 1: 135-07 High Jul 20 and the bull trigger
  • PRICE: 134-03 @ 14:57 BST Jul 21
  • SUP 1: 133-26 Low Jul 19
  • SUP 2: 132-30+ Low Jul 14 and High Jun 21
  • SUP 3: 132-22 50-day EMA
  • SUP 4: 132-17 Bull channel base drawn off the May 30 low

Treasury futures rallied Tuesday but found resistance at the session high of 135-07 and has since pulled back. Monday's climb resulted in a break of the bull channel top drawn from the Mar 30 low. Price however has moved back into the channel. Key S/T support is at 133-26, Jul 19 low. The outlook is bullish while this support holds. A break though would signal scope for a deeper pullback within the channel. 135-07 is the bull trigger.