Free Trial
USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

‌(Z0)‌ Resumes Downtrend

US 10YR FUTURE TECHS
  • RES 4: 139-07+ High Oct 16
  • RES 3: 139-03 High Oct 28 and the bull trigger
  • RES 2: 138-22 20-day EMA
  • RES 1: 138-19+ High Oct 30
  • PRICE: 138-04 @ 11:29 GMT Nov 3
  • SUP 1: 138-02+ Intraday low
  • SUP 2: 137-30+ Bear channel base drawn off the Aug 4 high
  • SUP 3: 137-23 1.236 proj of Aug 4 - 28 decline from Sep 3 high
  • SUP 4: 137-15 1.382 proj of Aug 4 - 28 decline from Sep 3 high

Treasuries maintain a bearish stance following last week's sell-off that followed a failure on Oct 28 at trendline resistance drawn off the Oct 2 high. The trendline intersects at 138-30. Futures have continued lower today and also breached former support at 138-03+, Oct 30 low. This confirms a resumption of the downtrend and opens 137-30+, the base of a bear channel drawn off the Aug 4 high. Initial resistance is seen at 138-19+, Oct 30 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.