Free Trial

US 10YR FUTURE TECHS: (Z4) Monitoring Support At The 50-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-22+ @ 11:15 BST Oct 1
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-28   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries are in consolidation mode and continue to trade closer to their recent lows. The move down that started on Sep 11, still appears to be a correction. The contract has traded through the 20-day EMA, at 114-21. A clear break of this EMA would signal scope for a deeper retracement, towards 113-28, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger. 

152 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: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31+ 1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-02+/23+ High Sep 19 / 11 and the bull trigger  
  • PRICE:‌‌ 114-22+ @ 11:15 BST Oct 1
  • SUP 1: 114-07   Low Sep 26      
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-28   50-day EMA       
  • SUP 4: 113-12   Low Sep 3 and a key support

Treasuries are in consolidation mode and continue to trade closer to their recent lows. The move down that started on Sep 11, still appears to be a correction. The contract has traded through the 20-day EMA, at 114-21. A clear break of this EMA would signal scope for a deeper retracement, towards 113-28, the 50-day EMA. For bulls, a resumption of gains would refocus attention on 115-24+, the Sep 11 high and a bull trigger.