US 10YR FUTURE TECHS: Trades Through A Key Resistance Zone
- RES 4: 118-07 High Aug 23 (cont)
- RES 3: 117-29+ High Aug 26 2022 (cont)
- RES 2: 117-14+ High Aug 29 / 30 2022 (cont)
- RES 1: 117-01+ Intraday high
- PRICE: 116-06+ @ 16:47 GMT Mar 24
- SUP 1: 115-21+/01 Low Mar 24 / Low Mar 23
- SUP 2: 113-26 Low Mar 22
- SUP 3: 113-15 50-day EMA
- SUP 4: 113-08+ Low Mar 15
Treasury futures touched a low of 113-26 on Wednesday. The contract has recovered from that low and the bounce accelerated Friday. Price has traded through the key resistance zone between; 116-24, Monday’s high and 116-28+, the Jan 19 high. The breach strengthens bullish conditions and opens 117-14+ next, the Aug 29 / 30 2022 high (cont). Activity is likely to remain volatile, key support has been defined at 113-26, the Mar 22 low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GLOBAL: MNI Global Macro Outlook-Feb 2023: Sticking The Landing
MNI's February 2023 Global Macro Outlook meeting took a look at the ongoing change in the prevailing narrative from looking for a "soft landing" to "no landing" at all.
- Full PDF Analysis here (emailed to subscribers earlier)
EURIBOR OPTIONS: 1x3x2 Put Fly Buyer
ERJ3 96.375/96.25/96.125 1x3x2 put fly bought for 0.5 in 9k
MNI EXCLUSIVE: Fed Consultant On Higher Rate Prospects
MNI spoke to a Fed academic consultant about the prospect for higher interest rates. On MNI Main Policy Wire now, see sales@marketnews.com for details.
