Free Trial

(Z2)‌‌ Key Support Remains Exposed

  • RES 4: 113-30 High Oct 4 and a key resistance
  • RES 3: 112-25+ 50-day EMA
  • RES 2: 112-22+ High Oct 6
  • RES 1: 110-31+/111-31 20-day EMA / High Oct 27
  • PRICE: 109-29 @ 10:16 GMT Nov 4
  • SUP 1: 109-12 Low Nov 03
  • SUP 2: 108-26+ Low Oct 21 and the bear trigger
  • SUP 3: 108-06+ Low Oct 2007 (cont)
  • SUP 4: 107.08 3.0% 10-dma envelope

Treasuries remain below last week’s high of 111-31 on Oct 27 - a key short-term resistance. A break of this hurdle is required to signal scope for an extension higher near-term and expose the 50-day EMA at 112-25+. However, this week’s bearish extension exposes the key support and bear trigger at 108-26+, the Oct 21 low. A break of this support would confirm a resumption of the primary downtrend.

To read the full story



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.