Free Trial

(Z3) Trend Signals Remain Bearish

US 10YR FUTURE TECHS
  • RES 4: 109-20 High Sep 19
  • RES 3: 108-17+ 50-day EMA
  • RES 2: 108-16 High Oct 12
  • RES 1: 107-03 20-day EMA
  • PRICE: 106-00 @ 15:44 BST Oct 25
  • SUP 1: 105-10+ Low Oct 19 and the bear trigger
  • SUP 2: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 3: 104-16+ 2.0% 10-dma envelope
  • SUP 4: 103-20+ Low Jun’07

Treasuries remain above their recent lows. The trend condition is bearish and recent gains are considered corrective. Last week’s move lower resulted in a break of 106-03+, the Oct 4 low, that confirmed a resumption of the downtrend. The move down has exposed 104-26, a Fibonacci projection. Key short-term trend resistance is at 108-16, the Oct 12 high. Initial firm resistance is at 107-03, 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.