Free Trial

10-YEAR YIELD TECHS: Neutral Outlook *RES 4:.....>

US
US: 10-YEAR YIELD TECHS: Neutral Outlook
*RES 4: 2.9433    200-dma
*RES 3: 2.9003    50% 3.2594-2.5412
*RES 2: 2.8985    Hourly resistance Dec 14
*RES 1: 2.7946/68 50% of 3.0479-2.5412/Jan 18 high
*PRICE: 2.7225    @ 10:49 GMT, Jan 25
*SUP 1: 2.6991/2.6691 38.2%/50% 2.5412-2.7968
*SUP 2: 2.5412    Jan 4 low
*SUP 3: 2.5206    Jan 16 2018 low
*SUP 4: 2.4900    61.8% 2.0144-3.2594
The 21-dma held on a closing basis yesterday keeping the outlook neutral for
now. Bulls look for consolidation above here to target the 50% retracement & Jan
18 high at 2.7946/68. Above here would extend gains towards the Dec 14 highs at
2.8985. On the downside a close below the 21-dma would shift the outlook
negative, opening the Jan 14 low at 2.6579. Ahead of a potential return to the
Jan 4 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.