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‌‌(Z2)‌‌ Bearish Outlook

US 10YR FUTURE TECHS
  • RES 4: 116-25+ 50 day EMA values
  • RES 3: 115-06+ 20-day EMA
  • RES 2: 114.17/115-01 High Sep 20 / 15
  • RES 1: 114-00 High Sep 22
  • PRICE: 112-06+ @ 15:19 BST Sep 26
  • SUP 1: 111-25 Low Sep 23
  • SUP 2: 111-08+ 3.0% Lower Bollinger Band
  • SUP 3: 110-26+ 3.0% 10-dma envelope
  • SUP 4: 111-00 Psychological Support

Treasuries remain soft following last week’s extension of its downtrend. A bearish price sequence of lower lows and lower highs, bearish moving average studies and a lack of any meaningful correction, clearly highlights the markets current bearish sentiment. Prices have shown below the 112-00 handle, thereby opening 111-08+, a lower Bollinger band value. Initial resistance is Thursday high of 114-00.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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