Free Trial

(U3) Resumes Its Downtrend

US 10YR FUTURE TECHS
  • RES 4: 115-19 High May 18
  • RES 3: 115-00 High Jun 1 and a key resistance
  • RES 2: 114-06+ / 114-23 High Jun 6 / 50-day EMA
  • RES 1: 114-00 High Jun 13
  • PRICE: 112-26+ @ 11:32 BST Jun 14
  • SUP 1: 112-20+ Low Jun 13
  • SUP 2: 112-16 76.4% retracement of the Mar 2 - May 4 rally
  • SUP 3: 112-00 Low Mar 10
  • SUP 4: 111-14+ Low Mar 9

Treasury futures remain in a downtrend and yesterday’s sell-off confirmed a resumption of the trend. Support at 112-29+, the May 26 / 30 lows have been cleared and the contract is trading just above its recent low. The focus is on 112-16, a Fibonacci retracement, where a break would open the 112-00 handle, the Mar 10 low. On the upside, initial firm resistance is seen at 114-00, yesterday’s 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.