Free Trial

10-YR YIELD TECHS: Rally Targeting 2017 High.....>

US
US: 10-YR YIELD TECHS: Rally Targeting 2017 High
*RES 4: 2.641 - 2016 High Dec 15 
*RES 3: 2.628 - 2017 High Mar 13 
*RES 2: 2.544 - High Mar 17 
*RES 1: 2.536 - Weekly Bear channel top (Off 2014 high)
*PRICE: 2.495 @ 2030GMT
*SUP 1: 2.472 - Hourly support Dec 20 
*SUP 2: 2.443 - Hourly support Dec 19 
*SUP 3: 2.423 - Hourly support Dec 19a 
*SUP 4: 2.401 - Hourly resistance Dec 19 now support
*COMMENTARY: Pressure on the channel base failed to produce a break lower with
the correction higher seeing a close above 2.477 shift bullish focus to tests of
2.628-641 where 2017 & 2016 highs are situated. Daily studies remain well placed
for gains. Layers of support are building and providing bulls confidence. Bears
now look for a close below 2.423 to ease immediate bullish pressure and confirm
a correction back to 2.344-374.

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.