Free Trial

US 10YR FUTURE TECHS: US‌‌ ‌‌10YR‌‌ ‌‌FUTURE‌‌ ‌‌TECHS:‌‌ (Z4) Bull Cycle Intact

US 10YR FUTURE TECHS
  • RES 4: 116-00   Round number resistance 
  • RES 3: 115-19   High Aug 5 and the bull trigger
  • RES 2: 114-31+ 76.4% of the Aug 5 - 8 pullback
  • RES 1: 114-19+ High Aug 21
  • PRICE:‌‌ 113-13+ @ 11:24 BST Sep 2
  • SUP 1: 113-12+ Intraday low   
  • SUP 2: 113-00   Low Aug 8
  • SUP 3: 112-21 50-day EMA      
  • SUP 4: 111-28+ High Jul 17 

Treasuries traded lower Friday and the contract maintains a softer short-term tone. Price has breached support at the 20-day EMA and this exposes 112-21, the 50-day EMA. A clear break of this EMA is required to highlight a stronger reversal. The move down is considered corrective.  For bulls, a resumption of gains would refocus attention on key resistance and bull trigger at 115-19, Aug 5 high. Initial resistance to watch is 114-19+, the Aug 21 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.