Free Trial

(Z3) Bear Trend Remains Intact

US 10YR FUTURE TECHS
  • RES 4: 111-12+ High Sep 1 key resistance
  • RES 3: 110-20+ 50-day EMA
  • RES 2: 110-07+ High Sep14
  • RES 1: 109-03/109-17+ Low Sep 13 / 20-day EMA
  • PRICE: 108-11+ @ 11:49 BST Sep 26
  • SUP 1: 108-00 Round number support
  • SUP 2: 107.23 1.236 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 3: 107-05+ 1.382 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 106-23 1.50 proj of the Jul 18 - Aug 4 - Aug 10 price swing

Treasuries maintain a softer tone and the contract started the week yesterday on a softer note. Last week’s move down resulted in a breach of 109-03, the Sep 13 / 19 low, confirming a resumption of the current downtrend. Moving average studies are in a bear mode position highlighting a clear downtrend. The focus is on 108-00 and 107-23, the 1.236 projection of the Jul 18 - Aug 4 - Aug 10 price swing. Firm resistance is at 109-17+, the 20-day EMA.

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.