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Free Access10-YEAR YIELD TECHS: Fifth Session of Lower......>
US: 10-YEAR YIELD TECHS: Fifth Session of Lower Lows
*RES 3: 2.8985 Hourly resistance Dec 14
*RES 2: 2.7825/8332 38.2%/50% of 3.0479-2.6185
*RES 1: 2.7153 Apr 2 low, now resistance
*PRICE: 2.5798 @ 16:26 GMT, Jan 3
*SUP 1: 2.5605 Intraday Low
*SUP 3: 2.5206 Jan16 2018 Low
*SUP 4: 2.4900 61.8% 2.0144-3.2594
US 10-year yields accelerated losses on the way through 2.60% and look on track
to mark the first close below that mark for a year. This opens the a slip toward
the Jan16 2018 low at 2.5206, ahead of the 61.8% retracement at 2.4900. Bulls
need to recover the 38.2% retracement level at 2.7825 to improve the short-term
outlook. A break of the 200-dma at 2.9498 would reignite the uptrend opening a
run at the 100-dma.
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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.