Free Trial

10-YEAR YIELD TECHS: Bulls Target 3.20 *RES 4:...>

US
US: 10-YEAR YIELD TECHS: Bulls Target 3.20
*RES 4: 3.3956 Apr 5 2011 low, now resistance
*RES 3: 3.3000 Channel top from Dec 2016 high
*RES 2: 3.2594 High Oct 9
*RES 1: 3.2000 Resistance
*PRICE: 3.1644 @ 10:40 GMT, Nov 1
*SUP 1: 3.0482 Low Oct 3
*SUP 2: 3.0139 Aug 1 high, now support
*SUP 3: 2.9203 200-dma
*SUP 4: 2.8098 Low Aug 24
The recovery in US 10-year yields breached the 21-dma, opening 3.1813 which
represents the 61.8% fibo of 3.2594-3.0549. A break above here is needed to
target the 3.20 level, ahead of the Oct 9 cycle high at 3.2549. Bears need to
break the Oct 3 low at 3.0482 to shift the short-term outlook negative, bringing
the Aug 1 high back into play just above the 3.0 level.

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.