Free Trial

(Z0) Probes Resistance

US 10YR FUTURE TECHS
  • RES 4: 140-21+ 1.0% 10-dma Envelope
  • RES 3: 139-26+ High Aug 11
  • RES 2: 139-21+ 61.8% retracement of the Aug 4 - 28 decline
  • RES 1: 139-20 Intraday high
  • PRICE: 139-16 @ 11:34 BST Sep 3
  • SUP 1: 139-01 Low Sep 1
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-13 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 138-01 1.00 proj of Aug 4 - 14 sell-off from Aug 21 high

Treasuries continue to extend this week's climb and have today managed to probe resistance at 139-19+, Aug 21 and Sep 2 high. A clear breach of this resistance would undermine the recent bearish focus and instead signal scope for gains towards 139-21+, a Fibonacci retracement ahead of 139-26+, Aug 11 high. An inability to hold onto recent gains and a reversal lower would again refocus attention on 138-18+, key support and the Aug 28 low.

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.