Free Trial

(U2)‌‌ Trading Above The 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 123-13+ 1.764 proj of the 14 - 23 - 28 price swing
  • RES 3: 122-29+ High Mar 31
  • RES 2: 122-21 2.0% 10-dma envelope
  • RES 1: 122-02 High Aug 02
  • PRICE: 120-07 @ 10:59 BST Aug 04
  • SUP 1: 119-10+/119-03 Low Aug 3 / 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 traded higher to begin the week, putting prices clear of resistance at 120-16+. This soon reversed, and the contract remains below 122-02, Aug 02 high. S/T trend conditions are bullish though and the 50-day EMA, at 119-03, represents a key support. A resumption of strength would refocus attention on 112-02 where a break would resume the uptrend and open 122-29+, the Mar 31 high. A break of the 50-day EMA would concern bulls.

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.