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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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Free Access(U1) Recovering Off Last Week’s Low
- RES 4: 135-23 High Feb 24
- RES 3: 135-22 2.618 proj of Jun 17 - 21 - 25 price swing
- RES 2: 135-19+ 50% Aug'20 - May'21 Sell-Off
- RES 1: 134-18/35-14 High Aug 16 / High Aug 04
- PRICE: 134-15 @ 15:57 BST Aug 16
- SUP 1: 133-09+ Low Aug 11
- SUP 2: 133-05 Trendline support drawn off the May 30 low
- SUP 3: 132-30 Low Jul 14 and high Jun 21
- SUP 4: 132-06 Low Jun 30 and Jul 1
Treasury futures remain comfortably above last week's low. The print last week below the 50-day EMA, at 133-18 Monday, does highlight a bearish risk. However, the fact that the contract did recover from just below the average also signals a bullish development. 133-09+, Aug 11 low marks an important S/T support that if breached would expose trendline support at 133-05. For bulls, stronger gains are required to refocus attention on the bull trigger at 135-14.
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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.