Trial now
EUROSTOXX50 TECHS

(M1) Clears 4000

BTP TECHS

(M1) Clears Key Support

GILT TECHS

(M1) Gains Considered Corrective

SCHATZ TECHS

(M1) Needle Points South

BOBL TECHS

(M1) 50-day EMA Remains Intact

BUND TECHS

(M1) Bearish Focus

(Z0) Hits Reverse

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: 139-26 High Sep 17
  • PRICE: 139-15 @ 16:32 BST Sep 30
  • SUP 1: 139-10+ Low Sep 16 and key near-term support
  • 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 hit reverse Wednesday, selling off recent gains down to 139-14 to moderate the outlook. This leaves initial resistance at 139-24, Sep 17 high which, if broken again, paves the way for a climb towards 139-29 key resistance, Sep 3 high. On the downside, initial firm support has been defined at 139-10+, Sep 16 low. A break would dampen the bullish mood.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com