Free Trial

10-YR YIELD TECHS: 100-WMA Supporting For Now....>

US
US: 10-YR YIELD TECHS: 100-WMA Supporting For Now
*RES 4: 2.180 - High Aug 28 
*RES 3: 2.166 - Hourly resistance Aug 31 
*RES 2: 2.148 - High Sept 5 
*RES 1: 2.115 - Hourly resistance Sept 5a
*PRICE: 2.096 @ 0140GMT
*SUP 1: 2.080 - Hourly resistance Sept 6 now support 
*SUP 2: 2.054 - 100-WMA, 2017 Low Sept 6 
*SUP 3: 1.991 - Low Nov 10 
*SUP 4: 1.879 - High Nov 1 now support
*COMMENTARY: The topside failure ahead of 2.180 has resulted in a sell-off and
fresh 2017 & 10mth lows that saw the 100-WMA pressured. Bears look for a close
below the 100-WMA to add weight to the case for a test of 1.879-1.991. The
Bollinger base (2.078) and modestly O/S studies are concerns for bears. In
saying that, bulls now need a close above 2.115 to gain breathing room and above
2.180 to shift initial focus back to 2.206-2.229.

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.