Free Trial

‌(Z0)‌ Resumes Downtrend

  • 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.

To read the full story

Why Subscribe to


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.