Free Trial

10-YR YIELD TECHS: Focus on 2.208-2.245 *RES.....>

US
US: 10-YR YIELD TECHS: Focus on 2.208-2.245
*RES 4: 2.372 - Hourly resistance Oct 6 
*RES 3: 2.355 - Hourly resistance Oct 11 
*RES 2: 2.334 - High Oct 13 
*RES 1: 2.310 - Hourly resistance Oct 17
*PRICE: 2.300 @ 0430GMT
*SUP 1: 2.296 - Low Oct 17 
*SUP 2: 2.278 - Low Oct 16 
*SUP 3: 2.245 - High Sept 26 now support 
*SUP 4: 2.237 - 100-DMA
*COMMENTARY: The lack of follow through on Friday's close below 21 (2.303) & 200
(2.314) DMAs is less than ideal for bears who are focused on 2.208-2.245 where
55 & 100-DMAs are noted. The spike higher Tuesday lacked follow through and
leaves the yield looking a little heavy. Bears now need a close below Tuesday's
low to add weight to the case. Bulls now need a close above 2.334 to ease
immediate bearish pressure and above 2.402 to return initial focus to 2.437.

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.