Free Trial

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

US
US: 10-YEAR YIELD TECHS: Building Momentum
*RES 4: 2.9444    200-dma
*RES 3: 2.9003    50% 3.2594-2.5412
*RES 2: 2.8985    Hourly resistance Dec 14
*RES 1: 2.7946/68 50% of 3.0479-2.5412/Jan 18 high
*PRICE: 2.7553    @ 10:38 GMT, Jan 22
*SUP 1: 2.6991/2.6691 38.2%/50% 2.5412-2.7968
*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
Despite yields edging away from the key 2.80 resistance area, the broader
uptrend remains intact. A break above the Dec 26 high at 2.8132, opens the Dec
14 high & 50% retracement level at 2.8985/2.9003. On the downside bears look to
retake the 21-dma to shift the outlook neutral and open the Jan 14 low at
2.6579. Below here would open a potential return to the Jan 4 ytd low at 2.5412.

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.