Free Trial

10-YR YIELD TECHS: 2.922 Resistance Key Today....>

US
US: 10-YR YIELD TECHS: 2.922 Resistance Key Today
*RES 4: 2.976 - 21-DMA 
*RES 3: 2.955 - Low May 24 now resistance 
*RES 2: 2.922 - Low May 25 now resistance 
*RES 1: 2.904 - 55-DMA
*PRICE: 2.873 @ 0430GMT
*SUP 1: 2.821 - Hourly support May 30 
*SUP 2: 2.790 - Hourly support May 30a 
*SUP 3: 2.759 - Low May 29 
*SUP 4: 2.717 - Monthly Low Apr 2
*COMMENTARY: The break of the 21-WMA (2.845) & the bull channel base (2.867) off
2017 lows has lacked follow through with the closes above the 100-DMA (2.846)
buying bulls breathing room. The 2.922 resistance is key. Bulls need a close
above to hint at a move back to 2018 highs with above 3.014 needed to add
further support. While 2.922 caps bears remain focused on Apr lows but need a
close below 2.821 to gain breathing room.

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.