Free Trial

10-YR YIELD TECHS: Focus Back On 2.950 *RES 4:...>

US
US: 10-YR YIELD TECHS: Focus Back On 2.950
*RES 4: 2.985 - Hourly resistance June 13 
*RES 3: 2.965 - Hourly support June 13 now resistance 
*RES 2: 2.950 - High June 21 
*RES 1: 2.921 - 55-DMA
*PRICE: 2.891 @ 0320GMT
*SUP 1: 2.880 - Hourly support July 20 
*SUP 2: 2.860 - Hourly resistance July 20 now support 
*SUP 3: 2.823 - Low July 16 
*SUP 4: 2.807 - Low July 6
*COMMENTARY: Bulls take comfort in the failure to challenge the 2.807 support
last week and the rally and bullish close Friday that sees focus on 2.921-950
where the 55-DMA is this week. Bulls need a close above 2.950 to confirm
traction above 55 & 100-DMAs and pressure the key 3.014-050 resistance region.
Bears now look for a close below 2.880 to gain breathing room and below 2.860 to
pressure the key 2.807 support.

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.