Free Trial

10-YR YIELD TECHS: Bears Need Close Below........>

US
US: 10-YR YIELD TECHS: Bears Need Close Below 21-DMA
*RES 4: 3.073 - Low July 6 2011 now resistance 
*RES 3: 3.041 - 2014 High Jan 2 
*RES 2: 3.035 - 2018 High Apr 25 
*RES 1: 3.018 - Hourly support Apr 26 now resistance
*PRICE: 2.964 @ 2130GMT
*SUP 1: 2.937 - Low May 7 
*SUP 2: 2.934 - 21-DMA 
*SUP 3: 2.904 - Low Apr 20 
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: The recovery from the dip back towards the 21-DMA Friday resulted
in focus having returned to the 3.041-073 resistance region. Daily studies are
now well placed for a fresh leg higher. Bulls continue to look for a close above
3.073 to confirm traction above 3.000 and the 2018 high and target 3.219-223
where the weekly bull channel top is noted. Bears now need a close below the
21-DMA to ease bullish pressure.

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.