Free Trial

(U3) Trend Needle Points South

US 10YR FUTURE TECHS
  • RES 4: 115-00 High Jun 1 and a key resistance
  • RES 3: 114-06+/07 High Jun 6 / 50-day EMA
  • RES 2: 114-00 High Jun 13
  • RES 1: 113.18 High Jun 15
  • PRICE: 112-31 @ 11:18 BST Jun 28
  • SUP 1: 112-12+ Low Jun 14 and the bear trigger
  • SUP 2: 112-00 Low Mar 10
  • SUP 3: 111-14+ Low Mar 9
  • SUP 4: 110-27+ Low Mar 2 and key support

Treasury futures edged lower Tuesday, showing that bears still hold sway at current levels. Nonetheless, the pullback held inside the recent range and the contract remains in consolidation mode. The trend outlook is bearish. Recently, support at 112-29+, the May 26 / 30 low was cleared. This exposes 112-00, Mar 10 low and 110-27+ further out, Mar 2 low and a key support. Initial firm resistance is at 114-00, the Jun 13 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.