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Free Access10-YEAR YIELD TECHS: Bullish Breakout Lacking....>
US: 10-YEAR YIELD TECHS: Bullish Breakout Lacking
*RES 5: 2.9468 200-dma
*RES 4: 2.9003 50% 3.2594-2.5412
*RES 3: 2.8985 Hourly resistance Dec 14
*RES 2: 2.7348/7946 38.2%/50% of 3.0479-2.5412
*RES 1: 2.7153 Apr 2 low, now resistance
*PRICE: 2.7012 @ 16:23 GMT, Jan 8
*SUP 1: 2.5412 Jan 4 low
*SUP 2: 2.5206 Jan 16 2018 low
*SUP 3: 2.4900 61.8% 2.0144-3.2594
*SUP 4: 2.4145 Jan 2 2018 low
US 10-year yields extended their strong bounce off the Jan 4 low to briefly
trade above 2.70. Despite this, the longer-term outlook remains bearish below
2.80 with downside focus on a break of 2.5412, before challenging the Jan 16 low
& 61.8% retracement level at 2.5206/2.4900. Bulls need to clear the 21-dma at
2.7743 to open a run at the key 2.80 area.
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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.