Free Trial

(Z0)‌ Bouncing, but Still Weak

US 10YR FUTURE TECHS
  • RES 4: 139-14 High Oct 15
  • RES 3: 139-04+ 50-day EMA
  • RES 2: 138-30+ 20-day EMA
  • RES 1: 138-23 High Oct 26
  • PRICE: 138-20 @ 16:25 GMT Oct 26
  • SUP 1: 138-05 Low Oct 23
  • SUP 2: 138-04+ 1.00 proj of Aug 4 - 28 decline from Sep 3 high
  • SUP 3: 138-01 Bear channel base drawn off the Aug 4 high
  • SUP 4: 137-29 76.4% retracement of the Jun - Aug rally (cont)

Despite the bounce Monday, Treasuries remain in a downtrend following the recent sell-off. A bearish theme was reinforced on Oct 21 following the break of 138-20+, Oct 7 low. The move lower confirmed a resumption of the broader reversal that occurred on Aug 4 and clears the way for an extension lower. This has opened 138-04+ next, a Fibonacci projection ahead of 138-01, a bear channel base drawn off the Aug 4 high. Initial resistance is seen at 138-20+.

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.