Free Trial

(Z1)‌‌ Key Short-Term Resistance Defined

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: 131-30+ High Nov 5 and the short-term bull trigger
  • PRICE: 132-22+ @ 11:49 GMT Nov 11
  • SUP 1: 130-15 Intraday low
  • SUP 2: 130-07+/29-31 Low Oct 29 / 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 pulled off recent highs yesterday on the higher-than-forecast CPI print for October. The reversal lower has defined resistance at 131-30+, Nov 5 high where a break is required to re-establish a short-term bull theme. This would open 132-08+, Oct 4 high. On the downside, an extension lower would expose the bear trigger at 129-31, Oct 29 low. A break 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.