Free Trial

10-YR YIELD TECHS: 55-DMA Support Key Today......>

US
US: 10-YR YIELD TECHS: 55-DMA Support Key Today
*RES 4: 3.014 - High May 24 
*RES 3: 2.985 - Hourly resistance June 13 
*RES 2: 2.973 - High July 24 
*RES 1: 2.956 - Hourly support July 24 now resistance
*PRICE: 2.941 @ 0330GMT
*SUP 1: 2.923 - 55-DMA 
*SUP 2: 2.902 - Hourly resistance July 23 now support 
*SUP 3: 2.880 - Hourly support July 20 
*SUP 4: 2.860 - Hourly resistance July 20 now support
*COMMENTARY: The recovery from last week's low resulted in a close above the key
2.950 resistance this week confirming traction above the 55-DMA. Bullish focus
has shifted to the 3.014-084 resistance region with a close above 3.084 to
confirm initial focus on 3.128-223 where 2018 highs are noted. Bears need a
close below the 55-DMA to gain breathing room and below 2.880 to shift initial
focus back to 2.807.

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.