Free Trial

(U4) Through The Bull Trigger

US 10YR FUTURE TECHS
  • RES 4: 110-07+ 2.0% 10-dma envelope
  • RES 3: 110-17 High Apr 4
  • RES 2: 110-12+ High Jun 5
  • RES 1: 110-10 2.0% Upper Bollinger Band
  • PRICE: 110-07+ @ 16:57 BST Jun 5
  • SUP 1: 109-03+/107-31 20-day EMA / 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 maintain a firmer short-term tone following the recovery from last week’s 107-31 low (May 29), and have traded through the bull trigger at 110-09 next, the May 16 high. The break above here and a confirmed close would strengthen the bullish condition, opening levels last seen in early April. Any resumption of bearish activity would instead refocus attention on support at 107-31.

122 words

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.
  • RES 4: 110-07+ 2.0% 10-dma envelope
  • RES 3: 110-17 High Apr 4
  • RES 2: 110-12+ High Jun 5
  • RES 1: 110-10 2.0% Upper Bollinger Band
  • PRICE: 110-07+ @ 16:57 BST Jun 5
  • SUP 1: 109-03+/107-31 20-day EMA / 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 maintain a firmer short-term tone following the recovery from last week’s 107-31 low (May 29), and have traded through the bull trigger at 110-09 next, the May 16 high. The break above here and a confirmed close would strengthen the bullish condition, opening levels last seen in early April. Any resumption of bearish activity would instead refocus attention on support at 107-31.