Free Trial

(Z0) Bullish Focus

US 10YR FUTURE TECHS
  • RES 4: 140-11 Aug 4 high and major resistance
  • RES 3: 139-29+ 76.4% retracement of the Aug 4 - 28 decline
  • RES 2: 139-29 High Sep 3 and the bull trigger
  • RES 1: 139-24 High Sep 17
  • PRICE: 139-16 @ 11:36 BST Sep 18
  • SUP 1: 139-10+ Low Sep 16
  • SUP 2: 139-00 Low Sep 4
  • SUP 3: 138-18+ Low Aug 28 and the bear trigger
  • SUP 4: 138-10+ 1.000 proj of Aug 4 - 14 sell-off from Sep 3 high

Treasuries stalled at yesterday's high however price remains above an initial support at 139-10+, Sep 16 low. A bullish outlook is maintained with attention on Monday's 139-23 high and the more pertinent resistance at 139-29, Sep 3 high. Clearance of this hurdle would expose the Aug high of 140-11. A move below support at 139-00 would be bearish and instead open 138-18+, Aug 28 low and a key bear trigger.

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.