Free Trial

(U3) Bear Leg Extends

US 10YR FUTURE TECHS
  • RES 4: 115-00 High Jun 1 and a reversal trigger
  • RES 3: 114-06+/07 High Jun 6 / 50-day EMA
  • RES 2: 114-00 High Jun 13
  • RES 1: 112-21/113-18 Low Jun 22 / High Jun 15 and key resistance
  • PRICE: 111-29 @ 11:37 BST Jun 30
  • SUP 1: 111-25+ Intraday low
  • SUP 2: 111-14+ Low Mar 9
  • SUP 3: 110-27+ Low Mar 2 and key support
  • SUP 4: 110-00 Low Nov 9 2022 (cont)

Treasury futures traded lower Thursday and have remained soft today. The contract has cleared 112-12+, the Jun 14 low and bear trigger. This brings to an end a recent period of consolidation and confirms a resumption of the current downtrend. The focus is on 111-14+, the Mar 9 low, while further out, scope is seen for a move towards 110-27+, the Mar 2 low and key support. Initial firm resistance has been defined at 113-18, the Jun 15 high.

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.