Free Trial

10-YEAR YIELD TECHS: Building Momentum *RES 4:...>

US: 10-YEAR YIELD TECHS: Building Momentum
*RES 4: 2.9445     200-dma
*RES 3: 2.9003     50% 3.2594-2.5412
*RES 2: 2.8985     Hourly resistance Dec 14
*RES 1: 2.7946     50% of 3.0479-2.5412
*PRICE: 2.7626     @ 10:38 GMT, Jan 18
*SUP 1: 2.6842/2.6573 38.2%/50% 2.5412-2.7716
*SUP 2: 2.5412     Jan 4 low
*SUP 3: 2.5206     Jan 16 2018 low
*SUP 4: 2.4900     61.8% 2.0144-3.2594
Yields confirmed their break above the 21-dma yesterday by taking out range
highs seen on Jan 10. This now shifts the outlook bullish opening the 50%
retracement level & Dec 26 high at 2.7946/2.8132. A break above here would
extend gains towards the Dec 14 high at 2.8985. On the downside bears look to
retake the 21-dma to shift the outlook neutral, opening the Jan 10 low & 50%
retracement level at 2.6762/2.6573. 

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.