Free Trial

10-YEAR YIELD TECHS: Triangle Formation *RES.....>

US
US: 10-YEAR YIELD TECHS: Triangle Formation
*RES 4: 2.9365        200-dma
*RES 3: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 3: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 1: 2.7378        Feb 5 high
*PRICE: 2.6769        @ 10:40 GMT, Feb 7
*SUP 1: 2.6388/6168   61.8% 2.5412-2.7968/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
The broader downtrend remains intact with bears focusing on uptrend support from
the Jan 4 low, which comes in today around 2.65. A break of the Jan 31 low at
2.6168 would suggest a resumption of the bearish trend, opening the Jan 4 ytd
low at 2.5412. On the topside, a break above the Jan 18 high at 2.7968 would
allow a run at the 200-dma ahead of the 3.0 pivot area.

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.