Free Trial

10-YEAR YIELD TECHS: Pause in The Uptrend *RES...>

US
US: 10-YEAR YIELD TECHS: Pause in The Uptrend
*RES 4: 3.0922 50-dma
*RES 3: 3.0414 50% 3.2594-2.8234
*RES 2: 3.0186 100-dma
*RES 1: 2.9563 200-dma
*PRICE: 2.8951 @ 10:46 GMT, Dec 13
*SUP 1: 2.8234 Dec 10 low
*SUP 2: 2.8063 Aug 22 low, top bottom target
*SUP 3: 2.7838 38.2% 2.0144-3.2594
*SUP 4: 2.7594 Low May 30
10-year yields drifted through Europe, before basing ahead of the 2.89 level.
Topside focus remains on the 200-dma which currently sits at 2.9563, a break
above here would reignite the bullish trend opening the 3.0 level and 100-dma at
3.0186. On the downside, a break of 2.8230/35 opens a deeper correction toward
the Aug 22 low at 2.8063. Below here triggers a large topping pattern, shifting
the bigger picture outlook deeper into negative territory.

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.