Free Trial

10-YEAR YIELD TECHS: Jan 18 High in Focus *RES...>

US
US: 10-YEAR YIELD TECHS: Jan 18 High in Focus
*RES 4: 2.9125/67     200-dma/Dec 13 2018 high
*RES 3: 2.8889/9003   100-dma/50% 3.2594-2.5412
*RES 2: 2.7968/2.8156 Jan 18 high/38.2% 3.2594-2.5412
*RES 1: 2.7658        Intraday high
*PRICE: 2.7440        @ 10:42 GMT, Mar 4
*SUP 1: 2.7028/6913   50-dma/50% 2.6168-2.7658
*SUP 2: 2.6168        Jan 31 low
*SUP 3: 2.5412        Jan 4 YTD low
*SUP 4: 2.5206        Jan 16 2018 low
*SUP 5: 2.4900        61.8% 2.0144-3.2594
10-year yields extended the rally above 2.76 to put short-term focus back on the
Jan 18 high. A break opens the 38.2% retracement of 3.2594-2.5412 at 2.8156,
ahead of a run at the 100-dma at 2.8889. While a break of the 50-dma is needed
to reignite downside momentum and target the Jan 31 low at 2.6168, ahead of the
Jan 4 ytd low at 2.5412.

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.