Free Trial

Contract Highs *RES 4:.........>

US 10YR FUTURE TECHS: Contract Highs
*RES 4: 127-26+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+        50% 134-07+-117-13+
*RES 2: 125-25+        Oct 13 2017 high
*RES 1: 125-25         Intraday High
*PRICE: 125-23         @ 15:07 GMT, May 29
*SUP 1: 124-01/123-27+ May 21 low/50-dma
*SUP 1: 122-30+/30     100-dma/May 3 low
*SUP 2: 122-19+        38.2% 117-13+-125-25
*SUP 3: 121-06/02      200-dma/Jan 18 low
The US 10y surged to fresh contract highs of 125-25, before meeting resistance
from the Oct 13 2017 high. Pullbacks have so far remained shallow and keeps the
bullish trend intact. Further resistance is located at 125-26+ from the 50%
retracement of 134-07+-117-13+, ahead of the Sep 8 2017 high at 127-28+. Bears
need to clear the May 23 low at 124-15 to stabilise the outlook, before
challenging the May 21 low & 50-dma at 124-01/123-27+.

To read the full story



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.