FED'S SCHMID - WE STILL HAVEN'T BEAT INFLATION BACK TO 2%

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: FED BALANCE SHEET TOTAL ASSETS -$43B TO $6.924T IN WEEK

EZ/UK Bond Supply Calendar: UK Synd; EU-Bond Auction on Monday

US EIA:NAT GAS STORAGE -3 BCF TO 3,969 BCF NOV 15 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US 10YR FUTURE TECHS: (Z4) Bears Remain In The Driver’s Seat

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-17+ 50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-08+ 20-day EMA 
  • PRICE:‌‌ 109-18 @ 16:58 GMT Nov 21
  • SUP 1: 108-30/18+ Low Nov 15 / 1.236 proj of Oct 1 - 10 - 16 swing    
  • SUP 2: 108-03   1.382 proj of the Oct 1 - 10 - 16 price swing
  • SUP 3: 108-00   Round number support 
  • SUP 4: 107-17   2.0% 10-dma envelope

The trend condition in Treasuries is unchanged, bears remain in the driver’s seat and short-term gains are considered corrective. Moving average studies are in a bear-mode set-up, highlighting a clear downtrend and bearish market sentiment. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on the 108-00 handle. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110-08+. 

141 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: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 111-17+ 50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 110-08+ 20-day EMA 
  • PRICE:‌‌ 109-18 @ 16:58 GMT Nov 21
  • SUP 1: 108-30/18+ Low Nov 15 / 1.236 proj of Oct 1 - 10 - 16 swing    
  • SUP 2: 108-03   1.382 proj of the Oct 1 - 10 - 16 price swing
  • SUP 3: 108-00   Round number support 
  • SUP 4: 107-17   2.0% 10-dma envelope

The trend condition in Treasuries is unchanged, bears remain in the driver’s seat and short-term gains are considered corrective. Moving average studies are in a bear-mode set-up, highlighting a clear downtrend and bearish market sentiment. Sights are on 108-18+ next, a Fibonacci projection. Further out, the focus is on the 108-00 handle. Initial firm resistance is unchanged at the 20-day EMA. The average is at 110-08+.