Free Trial

(U1)‌‌ Trend Signals Remain Bullish

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: 134-29/35-14 High Aug 5 / High Aug 04 and the bull trigger
  • RES 1: 134-19+ High Aug 17
  • PRICE: 134-00 @ 11:32 BST Aug 23
  • SUP 1: 133-29 Low Aug 18
  • SUP 2: 133-10+/09+ Trendline drawn from May 30 low / Low Aug 11
  • SUP 3: 132-30 Low Jul 14 and high Jun 21
  • SUP 4: 132-06 Low Jun 30 and Jul 1

Treasury futures are trading lower. The recent recovery from just below the 50-day EMA is a bullish development and 133-09+, Aug 11 low remains an important support. A resumption of gains would open the Aug 4 high at 135-14 where a break would confirm a resumption of the uptrend. On the downside, weakness through 133-09+ would also highlight a break of trendline support at 133-10+. This would signal a potential reversal.

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.