Free Trial

(U4) Makes Clean Break of 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 110-09 High May 16 and the bull trigger
  • RES 3: 110-02+ 1.0% 10-dma envelope
  • RES 2: 109-28 High May 17
  • RES 1: 109-17+ High Jun 3
  • PRICE: 109-16 @ 17:56 BST Jun 3
  • SUP 1: 107-31 Low May 29
  • SUP 2: 107-20+ Low May 29
  • SUP 3: 107-12+ Low Apr 25 and the bear trigger
  • SUP 4: 107-00 Round number support

Treasuries extended the recovery off last week’s 107-31 low (May 29) to trade higher Monday and extend gains through the 50-day EMA at 109-12. A close above this level confirms a corrective bounce is underway, and signals potential for a continuation toward 109-28, the May 17 high, in the short-term. Any resumption of bearish activity exposes the key support at 107-12+, the Apr 25 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.