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Free Access10-YR YIELD TECHS: Focus Now On 2.344-398 *RES...>
US: 10-YR YIELD TECHS: Focus Now On 2.344-398
*RES 4: 2.504 - High Dec 21
*RES 3: 2.479 - High Dec 27
*RES 2: 2.459 - Low Dec 26 now resistance
*RES 1: 2.432 - Hourly resistance Dec 27
*PRICE: 2.425 @ 0530GMT
*SUP 1: 2.398 - 21-DMA
*SUP 2: 2.372 - 55-DMA
*SUP 3: 2.344 - Low Dec 14
*SUP 4: 2.299 - 200-DMA
*COMMENTARY: Hesitation ahead of the weekly bear channel top (2.534) combined
with waning momentum provided the impetus for a correction that eases bullish
pressure. Focus returns to 2.344-398 where key DMAs and the bull channel base
are noted. Bears now need a close below 2.344 to confirm breaks and initially
pressure the 200-DMA (2.299). Bulls now need a close above 2.432 to gain
breathing room and above 2.479 to shift focus higher.
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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.