Free Trial

10-YR YIELD TECHS: Topside Follow Through........>

US
US: 10-YR YIELD TECHS: Topside Follow Through Lacking
*RES 4: 2.692 - Monthly High July 3 2014 
*RES 3: 2.641 - 2016 High Dec 15 
*RES 2: 2.629 - 2017 High Mar 13 
*RES 1: 2.597 - 2018 High Jan 10
*PRICE: 2.540 @ 0530GMT
*SUP 1: 2.504 - High Dec 21 now support 
*SUP 2: 2.462 - Low Jan 8 
*SUP 3: 2.451 - 21-DMA 
*SUP 4: 2.429 - Daily Bull channel base
*COMMENTARY: The lack of topside follow through on fresh 10mth highs is a
concern for bulls who are currently focused on 2.629-692 where yearly and
monthly highs are situated. Daily studies have room to move before O/B becomes
an issue. Bears continue to look for a close below 2.504 to gain breathing room
and hint at a correction back to 2.399-2.451 where the 21 & 55-DMAs and bull
channel base off Sept lows are noted.

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.