Free Trial

(Z0) Watching Key Support

US 10YR FUTURE TECHS
  • RES 4: 140-21 1.0% 10-dma Envelope
  • RES 3: 140-11 Aug 4 high and major resistance
  • RES 2: 139-29+ 76.4% retracement of the Aug 4 - 28 decline
  • RES 1: 139-29 High Sep 3 and the bull trigger
  • PRICE: 139-10+ @ 17:31 BST Sep 9
  • SUP 1: 139-00 Low Sep 4
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-10+ 1.000 proj of Aug 4 - 14 sell-off from Seop 3 high
  • SUP 4: 137-30+ 1.236 proj of Aug 4 - 14 sell-off from Aug 21 high

Treasuries traded higher earlier today before finding resistance. Futures are attempting a recovery following Friday's sharp sell-off. For bulls, price needs to hold above support at 139-00, Sep 4 low. A climb higher would refocus attention on last week's 139-29 peak that represents the key near-term bull trigger. Clearance of this hurdle would open the Aug high of 140-11. A move below 139-00 would instead expose 138-18+, Aug 28 low and a key support.

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.