Free Trial

10-YR YIELD TECHS: Bears Focused On Apr Low......>

US
US: 10-YR YIELD TECHS: Bears Focused On Apr Low
*RES 4: 2.903 - 55-DMA 
*RES 3: 2.891 - Hourly resistance May 29a 
*RES 2: 2.838 - 100-DMA 
*RES 1: 2.828 - Hourly resistance May 29
*PRICE: 2.817 @ 0330GMT
*SUP 1: 2.759 - Low May 29 
*SUP 2: 2.717 - Monthly Low Apr 2 
*SUP 3: 2.648 - Low Feb 6 
*SUP 4: 2.609 - Low Jan 24
*COMMENTARY: The correction lower from 2018 highs sees the yield having broken
below the 21-WMA (2.841) and bull channel base (2.867) off 2017 lows with
immediate focus now on the 2.717 Apr low. Bulls now need a close above the
100-DMA to gain breathing room and above the 55-DMA to shift immediate focus
back to 2.986-3.050 where the 21-DMA (2.986) is located.

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.