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: 2.355 - Hourly resistance Oct 11 
*RES 3: 2.334 - High Oct 13 
*RES 2: 2.315 - 200-DMA 
*RES 1: 2.302 - Hourly resistance Oct 13
*PRICE: 2.294 @ 0430GMT
*SUP 1: 2.245 - High Sept 26 now support 
*SUP 2: 2.236 - 100-DMA 
*SUP 3: 2.231 - 55-DMA 
*SUP 4: 2.208 - Low Sept 18
*COMMENTARY: Pressure on the 200-DMA took its toll with a break and close below
the 200 & 21 (2.294) DMAs and the key 2.284 support that now sees immediate
pressure having shifted to 2.208-2.245 where 55 & 100-DMAs are noted. Correcting
O/B studies add weight to the bearish case. Bulls now need a close above the
200-DMA 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.