Free Trial

(Z1)‌‌ Sharp Reversal

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: 131-08/131-30+ High Nov 19 / High Nov 5
  • PRICE: 131-05+ @ 15:43 GMT Nov 26
  • SUP 1: 129-16 Low Nov 25 and the bear trigger
  • SUP 2: 128-17+ Low Jan 9, 2020 (cont)
  • SUP 3: 128-05 Low Jan 2, 2020 (cont)
  • SUP 4: 127-29 Low Dec 13, 2019

Treasuries reversed direction and rallied sharply higher Friday. The bounce from Thursday's low of 129-16 has resulted in a breach of the 20-day EMA and the contract is testing the 50-day EMA at 131-05+. Just above this level is resistance at 131-08, the Nov 19 high. A break of this zone would signal scope for stronger climb towards 131-30+, the Nov 5 high. For bears, a break of support at 129-16 would resume the 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.