Free Trial

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

US
US: 10-YR YIELD TECHS: Bears Need Close Below 2.847
*RES 4: 2.950 - High June 21 
*RES 3: 2.935 - Hourly resistance June 21 
*RES 2: 2.900 - High June 26 
*RES 1: 2.894 - 100-DMA
*PRICE: 2.889 @ 0430GMT
*SUP 1: 2.884 - High July 3 now support 
*SUP 2: 2.847 - Low July 17 
*SUP 3: 2.823 - Low July 16 
*SUP 4: 2.807 - Low July 6
*COMMENTARY: Support emerging ahead of 2.807 has provided the base for a move
that sees bulls looking for a close above 2.884 to gain breathing room and above
2.950 to confirm breaks of 21, 55 & 100-DMAs and pressure the key 3.014-050
resistance region. Immediate pressure is now on the 100-DMA. Bears now look for
a close below 2.847 to reconfirm pressure on 2.807 and maintain focus on
2.717-759.

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.