Free Trial

10-YR YIELD TECHS: 3.014 Resistance Key Today....>

US
US: 10-YR YIELD TECHS: 3.014 Resistance Key Today
*RES 4: 3.128 - 2018 High May 18 
*RES 3: 3.084 - High May 21 
*RES 2: 3.050 - Low May 22 
*RES 1: 3.014 - High May 24
*PRICE: 2.977 @ 0330GMT
*SUP 1: 2.946 - High June 4 now support 
*SUP 2: 2.900 - Low June 5 
*SUP 3: 2.860 - Low June 1 
*SUP 4: 2.821 - Hourly support May 30
*COMMENTARY: Having found support around the 55-DMA (2.911) the yield is now
pressuring the 21-DMA (2.975). Above 3.014 is needed to confirm a break of the
21-DMA and add support to the initial case for a retest of 2018 highs.
Correcting O/S studies add support to the bullish case. Bears now need a close
below 2.900 to ease bullish pressure and below 2.860 to reconfirm focus on
2.717-759 where Mar & May lows are noted.

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.