Free Trial

10-YR YIELD TECHS: Topside Hesitation Less.......>

US
US: 10-YR YIELD TECHS: Topside Hesitation Less Than Ideal
*RES 4: 2.437 - High Mar 23 
*RES 3: 2.423 - Monthly High Aug May 11 
*RES 2: 2.402 - High Oct 6 
*RES 1: 2.381 - Hourly resistance Oct 23
*PRICE: 2.368 @ 0140GMT
*SUP 1: 2.350 - Hourly support Oct 20 
*SUP 2: 2.332 - Alternating hourly support/resistance 
*SUP 3: 2.296 - Low Oct 17 
*SUP 4: 2.278 - Low Oct 16
*COMMENTARY: Hesitation ahead of the 2.402 resistance have left a double daily
top in place with the Bollinger top (2.405) just above. Bulls currently focus on
the 2.402-437 resistance region this week and need a close above to shift
initial focus to 2.544-558. The 2.332-350 support region remains key with bears
needing a close below to ease bullish pressure and see pressure back on the key
2.278 support below which targets 2.208-245.

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.