Free Trial

‌‌(Z2)‌‌ Remains Vulnerable

  • RES 4: 119-01 High Aug 18
  • RES 3: 118-09 50-day EMA
  • RES 2: 117-17+/118-00 20-day EMA / High Aug 26
  • RES 1: 116-26 High Sep 2
  • PRICE: 116-02+ @ 16:26 BST Sep 8
  • SUP 1: 115-13+ Low Sep 7
  • SUP 2: 114-26 Low Jun 16
  • SUP 3: 114-06 Low Jun 14 and a key support
  • SUP 4: 114-00 Round number support

Despite the latest recovery, Treasuries remain vulnerable. The contract has recently breached 116-01+, 61.8% of the Jun 14 - Aug 2 rally as well as the recent 115-23 low (Sep 1). The break lower maintains the current bearish price sequence of lower lows and lower highs and signals scope for weakness towards 114-06, the Jun 14 low and a key support. Initial firm resistance has been defined at 116-26, the Sep 2 high.

MNI London Bureau | +44 203-865-3809 |

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.