Free Trial

10-YR YIELD TECHS: 21-DMA Capping, 200-DMA.......>

US
US: 10-YR YIELD TECHS: 21-DMA Capping, 200-DMA Supporting
*RES 4: 2.386 - Hourly resistance Nov 14 
*RES 3: 2.379 - High Nov 16 
*RES 2: 2.362 - Daily Bear channel top 
*RES 1: 2.351 - 21-DMA
*PRICE: 2.337 @ 2030GMT
*SUP 1: 2.310 - Low Nov 28 
*SUP 2: 2.305 - 200-DMA 
*SUP 3: 2.282 - 100-DMA 
*SUP 4: 2.273 - Monthly Low Oct 13
*COMMENTARY: Bears take comfort in the 21-DMA capping to start the new week and
pressure remaining on the key 2.273-3.305 support region where 100 & 200-DMAs
are noted. Bears need a close below 2.273 to confirm breaks of these level and
shift immediate focus to 2.207. Bulls now look for a close above the 21-DMA to
ease immediate bearish pressure and above 2.386 hint at a move back to 2.477
with above 2.419 confirming.

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.