Free Trial

(Z3) Southbound

US 10YR FUTURE TECHS
  • RES 4: 111-12+ High Sep 1 key resistance
  • RES 3: 110-03+ High Sep19
  • RES 1: 108-17/27 Low Sep 27 / 20-day EMA
  • PRICE: 106-23 @ 16:54 BST Oct 3
  • SUP 1: 106-23 Low Oct 3 & 1.50 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 2: 106-00 Round number support
  • SUP 3: 105-29+ 3.0% Lower Bollinger Band
  • SUP 4: 105-27 2.0% lower 10-dma envelope

The bear trend in Treasuries remains intact and the contract has traded to a fresh cycle low Tuesday. The move down confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. Support at 107-05+ has given way, with markets equalling 106-23, a Fibonacci projection point, at the low. On the upside initial firm resistance is seen at 108-27, the 20-day EMA. A break would signal a possible base. For now, gains are considered corrective.

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.