Free Trial

US 10YR FUTURE TECHS: (Z4) Approaching The Bull Trigger

US 10YR FUTURE TECHS
  • RES 4: 116-16   High May 11 2023  
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-19   High Aug 5 and the bull trigger
  • RES 1: 115-00+ Intraday high 
  • PRICE:‌‌ 114-30+ @ 11:09 BST Sep 06
  • SUP 1: 113-28/12 20-day EMA / Low Sep 3    
  • SUP 2: 113-00   Low Aug 8 
  • SUP 3: 112-25   50-day EMA       
  • SUP 4: 111-28+ High Jul 17 

A bullish theme in Treasuries remains intact and the contract is trading higher today as it extends this week’s recovery. The bounce Tuesday, from below the 20-day EMA, highlights the end of the recent corrective phase. A continuation higher would pave the way for a test of key resistance and the bull trigger at 115-19, the Aug 5 high. On the downside, a deeper retracement would instead expose 112.25, the 50-day EMA.

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.