Free Trial

10-YEAR YIELD TECHS: Cracks Long-term Up Trend...>

US
US: 10-YEAR YIELD TECHS: Cracks Long-term Up Trend
*RES 3: 2.9552 200-dma
*RES 2: 2.8985 Hourly resistance Dec 14
*RES 1: 2.8613/8969 38.2%/50% of Dec range 3.0479-2.7459
*PRICE: 2.7601 @ 10:53 GMT, Dec 20
*SUP 1: 2.7459 Intraday low
*SUP 2: 2.7153 April 2 low
*SUP 3: 2.6459 Feb 6 low
Having cracked below the long-term up trendline support to touch 2.7459 (lowest
level since April), recovery efforts have remained shallow to keep the downside
in focus. Bears target a break of the Apr 2 low at 2.7153, a break opens the Feb
6 low & 50% retracement level at 2.6459/2.6369. Bulls need to recover the 50%
retracement level of Dec range to improve the short-term outlook. A break of the
200-dma would reignite the uptrend opening a run at the 3.0 level and 100-dma at
3.0115.

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.