MNI BRIEF: US Existing Home Sales Beats Expectations In Oct

BRIEF: Trade Reactions Must Be Proportionate-EU's Dombrovskis

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 BRIEF: China To Step Up Trade Bloc Negotiations

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

MNI: US NAR: OCT EXISTING HOME SALES 3.96M SAAR

MNI: US NOV PHILADELPHIA FED MFG INDEX -5.5

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) Trend Needle Points South

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 112-22   High Oct 16 and a key short-term resistance 
  • RES 3: 112-03   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 111-01   20-day EMA 
  • PRICE:‌‌ 109-31 @ 16:41 GMT Nov 11
  • SUP 1: 109-07   Low Nov 6 and the bear trigger 
  • SUP 2: 109-05   76.4% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 109-00   Round number support 
  • SUP 4: 108-15   2.0% 10-dma envelope

The trend structure in Treasuries is unchanged and remains bearish. Last week’s move lower reinforces current conditions. Short-term gains are considered corrective. A resumption of the bear leg would open 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance - pierced on Monday - is seen at 111-01, the 20-day EMA. 

130 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: 112-03   50-day EMA 
  • RES 2: 111-14+ High Oct 25 
  • RES 1: 111-01   20-day EMA 
  • PRICE:‌‌ 109-31 @ 16:41 GMT Nov 11
  • SUP 1: 109-07   Low Nov 6 and the bear trigger 
  • SUP 2: 109-05   76.4% retracement of the Apr - Sep bull cycle (cont)
  • SUP 3: 109-00   Round number support 
  • SUP 4: 108-15   2.0% 10-dma envelope

The trend structure in Treasuries is unchanged and remains bearish. Last week’s move lower reinforces current conditions. Short-term gains are considered corrective. A resumption of the bear leg would open 109-05 next, the 76.4% retracement of the Apr - Sep bull cycle (cont). The 109-00 handle remains exposed too. Initial firm resistance - pierced on Monday - is seen at 111-01, the 20-day EMA.