Free Trial

10-YEAR YIELD TECHS: Decisive Break Made *RES....>

US
US: 10-YEAR YIELD TECHS: Decisive Break Made
*RES 4: 3.3204 50% retracement 1.3180/5.3228 (2007 hi/2016 low)
*RES 3: 3.2206 July 2011 high
*RES 2: 3.1261 High May 18
*RES 1: 3.0139 High Aug 1
*PRICE: 2.9700 @ 16:07 GMT, 11 Sep
*SUP 1: 2.9579 Triangle top from May high
*SUP 2: 2.9212 100-DMA
*SUP 3: 2.8608 50.0% 2.8063/2.9189
*SUP 4: 2.8296 Aug 31 low
The tentative break of key trendline resistance at 2.9579 intraday Tuesday will
encourage bulls to look for a further move to big round numbers (3.0000 first
up) and well into the 3.000s, beginning with the Aug 1 high of 3.0139. Beyond
there, the May 18 high at 3.1261 would be in focus. The May-Aug triangle top now
forms immediate support.

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.