Free Trial

(U1)‌‌ Support Holds For Now

US 10YR FUTURE TECHS
  • 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: 134-02 @ 11:23 BST Jul 23
  • SUP 1: 133-26 Low Jul 19
  • SUP 2: 132-30+ Low Jul 14 and High Jun 21
  • SUP 3: 132-25+ 50-day EMA
  • SUP 4: 132-19 Bull channel base drawn off the May 30 low

Treasury futures remain below Tuesday's high of 135-07. Monday's climb resulted in a break of the bull channel top drawn from the Mar 30 low and this represents a bullish development. Price however has moved back into the channel. Key short-term support is at 133-26, Jul 19 low. The outlook is bullish while it holds. A break though would signal scope for a deeper pullback within the channel. 135-07 is the bull trigger.

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.