Free Trial

(Z1)‌‌ Bearish Risk Still Present

US 10YR FUTURE TECHS
  • RES 4: 133-12+ High Sep 22
  • RES 3: 132-21+ Low Aug 11 and recent breakout level
  • RES 2: 132-08+ High Oct 4
  • RES 1: 130-26+/30+ 20-day EMA / High Nov 5 and S/T bull trigger
  • PRICE: 130-16 @ 11:31 GMT Nov 18
  • SUP 1: 130-01+ Low Nov 17
  • SUP 2: 129-31 Low Oct 21 and the bear trigger
  • SUP 3: 129-03 50.0% of the Oct '18 - Mar '20 bull cycle
  • SUP 4: 128-17+ Low Jan 9, 2020 (cont)

Treasuries remain above recent lows but remain vulnerable following the sharp pullback on Nov 10 and the subsequent extension lower. The key short-term resistance is unchanged at 131-30+, Nov 5 high where a break is required to re-establish a short-term bull theme and open 132-08+, Oct 4 high. The bear trigger lies at 129-31, Oct 29 low. Clearance of this support would confirm a resumption of the primary downtrend.

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.