Free Trial

10-YR YIELD TECHS: Focus Remains on 2017 Low.....>

US
US: 10-YR YIELD TECHS: Focus Remains on 2017 Low
*RES 4: 2.264 - Hourly support Aug 16 now resistance 
*RES 3: 2.250 - Alternating hourly support/resistance 
*RES 2: 2.229 - Hourly resistance Aug 17 
*RES 1: 2.206 - Hourly support Aug 23 now resistance
*PRICE: 2.176 @ 0430GMT
*SUP 1: 2.164 - Low Aug 18 
*SUP 2: 2.153 - Bollinger band base 
*SUP 3: 2.121 - Low June 26 
*SUP 4: 2.103 - 2017 Low June 14
*COMMENTARY: Failure ahead of the 2.229 resistance adds to the significance of
this level and has resulted in bears remaining focused on tests of 2017 lows. A
close below 2.103 is needed to shift immediate bearish focus to the 100-WMA
(2.053) and overall focus to tests of 1.879. The 2.229 resistance remains key
with bulls needing a close above to ease bearish pressure and above 2.264 to
shift initial focus back to 2.289.

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.