Free Trial

10-YR YIELD TECHS: Pressure Back On 200-DMA......>

US
US: 10-YR YIELD TECHS: Pressure Back On 200-DMA
*RES 4: 2.423 - Monthly High Aug May 11 
*RES 3: 2.398 - Monthly High July 7 
*RES 2: 2.395 - Daily Bull channel top 
*RES 1: 2.366 - High July 13
*PRICE: 2.325 @ 0418GMT
*SUP 1: 2.316 - High Sept 27 now support 
*SUP 2: 2.301 - Hourly support Sept 27 & 28 
*SUP 3: 2.284 - Hourly support Sept 27a 
*SUP 4: 2.266 - Alternating hourly support/resistance
*COMMENTARY: Failure to trouble 2.208 produced a rally that has seen a break of
the 200-DMA (2.327) in Asian trading and bulls focused on 2.366-2.437 where
monthly highs are located. The Bollinger top (2.349) is the key concern for
bulls with potential to limit follow through. Accumulating supports provide
bulls confidence with bears now needing a close below 2.316 to gain breathing
room and below 2.284 to hint at a move back to 2.208-2.214.

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.