Free Trial

10-YEAR YIELD TECHS: Bullish Trend *RES 4:.......>

US
US: 10-YEAR YIELD TECHS: Bullish Trend
*RES 4: 3.2400 Channel top
*RES 3: 3.2206 July 2011
*RES 2: 3.1261 May 18 high
*RES 1: 3.0943 Sep 20 high
*PRICE: 3.0777 @09:32 GMT, Sep 21
*SUP 1: 2.9503 50% 2.8063-3.0943
*SUP 2: 2.9465 Triangle top from May high
*SUP 3: 2.9248 100-DMA
*SUP 4: 2.8694 Sep 7 low
The US 10-Yr retains its outright bullish trend having printed 4-month highs of
3.0943 yesterday. Bulls need to clear the May 18 & 2018 high at 3.1261 for the
resumption of the uptrend, targeting a move toward multi-year high territory
above 3.22. Bears need to break back below the triangle top from the May high at
2.9465 & 100-dma in order to shift the short-term outlook back to neutral.

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.