Free Trial

‌(Z0)‌ Attention Turns To Support ‌ ‌

US 10YR FUTURE TECHS
  • RES 4: 139-25 High Oct 2
  • RES 3: 139-17 76.4% retracement of the Sep 29 - Oct 7 sell-off
  • RES 2: 139-14 High Oct 15
  • RES 1: 139-01+ High Oct 20
  • PRICE: 138-24+ @ 11:43 BST Oct 20
  • SUP 1: 138-20+ Low Oct 7 and the bull trigger
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-16+ Low Jun 23 (cont)
  • SUP 4: 138-12 61.8% retracement of the Jun - Aug rally (cont)

Treasuries have reversed last week's positive tone and remain weaker. Yesterday's move lower marks an extension of the pullback from 139-14, Oct 15 high. The move through support at 138-28+, Oct 13 low exposes 138-20+, Oct 7 low and 138-18+, Aug 28 low. The latter is the bear trigger where a break would signal a resumption of the reversal that occurred on Aug 4. This would open 138-04+, a Fibonacci projection. Firm resistance is at 139-14.

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.