Free Trial

(Z0) Still Looking For A Break Higher

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: 139-17+ @ 11:31 BST Sep 24
  • 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 are trading roughly in the middle of this week's range. The outlook though remains bullish with futures holding above initial support at 139-10+, Sep 16 low. Attention is on 139-24, Sep 17 high and the more pertinent resistance at 139-29, Sep 3 high. Clearance of this latter hurdle would expose the Aug high of 140-11. A move through support at 139-00 however would be bearish and instead open 138-18+, 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.