Free Trial

10-YEAR YIELD TECHS: Takes Out 50-dma *RES 4:....>

US
US: 10-YEAR YIELD TECHS: Takes Out 50-dma
*RES 4: 2.9148/67     200-dma/Dec 13 2018 high
*RES 3: 2.8976/2.9003 100-dma/50% 3.2594-2.5412
*RES 2: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 1: 2.7168/2.7378 Intraday high/Feb 5 high
*PRICE: 2.7077        @ 16:15 GMT, Feb 28
*SUP 1: 2.6168        Jan 31 low
*SUP 2: 2.5412        Jan 4 YTD low
*SUP 3: 2.5206        Jan 16 2018 low
*SUP 4: 2.4900        61.8% 2.0144-3.2594
10-year yields squeezed through the 50-dma, before topping out at 2.7168. This
brings the Feb 5 high at 2.7378 into view with a break needed to extend the
uptrend toward the Jan 18 high & 38.2% retracement level at 2.7968/2.8156.
Double-bottom support has formed at 2.6250-70, a break opens the Jan 31 low at
2.6168, ahead of a run at the 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.