Free Trial

(U2)‌‌ Key Resistance Appears Exposed

US 10YR FUTURE TECHS
  • RES 4: 121-28+ 1.382 proj of the 14 - 23 - 28 price swing
  • RES 3: 121-10 1.236 proj of the 14 - 23 - 28 price swing
  • RES 2: 120-19+ High May 26 and a key resistance
  • RES 1: 120-16+ High Jul 6 and the bull trigger
  • PRICE: 120-02 @ 11:16 BST Jul 28
  • SUP 1: 118-23+ 50-day EMA
  • SUP 2: 117-14+ Low Jul 21 and key near-term support
  • SUP 3: 116-11 Low Jun 28
  • SUP 4: 115-20 Low Jun 17

Treasuries remain closer to recent highs and the top of this month's range. The outlook is bullish and attention is on the bull trigger at 120-16+, the Jul 6 high. A break of this hurdle would confirm a resumption of the uptrend that started Jun 14. This would open 121-10, a Fibonacci projection. On the downside, key short-term support has been defined at 117-14+, the Jul 21 low. A break would highlight 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.