Free Trial

(U2)‌‌ Remains Below The 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 122-00 Round number resistance
  • RES 3: 121-27+ High Apr 5
  • RES 2: 121-27+ High Apr 7
  • RES 1: 120-13+/19+ 50-day EMA / High May 26
  • PRICE: 119-08+ @ 11:22 BST Jun 1
  • SUP 1: 119-03 Low May 23
  • SUP 2: 118-01+ Low May 18 and a key short-term support
  • SUP 3: 117-18 Low May 11
  • SUP 4: 116-21 Low May 9 and a bear trigger

Treasuries have faded off recent highs and have traded lower again today. The 50-day EMA, at 120-13+ today, remains intact. A clear breach of this average is required to pave the way for a stronger bull cycle and this would open the 122-00 handle. Recent gains are considered corrective and the primary trend direction remains down. Key support and the bear trigger is 116-21, May 9 low. Initial firm support to watch is 118-01+, May 18 low.

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.