Free Trial

Developing Trend *RES 4: 2.5782 Mar 15......>

US
US: Developing Trend
*RES 4: 2.5782      Mar 15 low
*RES 3: 2.5676      50% retracement 2.7698-2.3384
*RES 2: 2.5412/23   Jan 4 low/Mar 21 high
*RES 1: 2.5366      Intraday high
*PRICE: 2.5294      @ 09:53 GMT, Apr 5
*SUP 1: 2.4670/50   Series of prev lows Apr 2-3
*SUP 2: 2.4321/4227 50% fibo 2.3384-2.5259/Apr 1 low
*SUP 3: 2.3384      Mar 28 low
*SUP 4: 2.2887      50% retracement of 1.3180-3.2594
10-Yr yields are closing in on the Jan 4 low/March 21 high at 2.5412/23, above
here opens the 50% retracement level & March 15 low at 2.5676/2.5782. A break
would suggest a bullish reversal towards the 50-dma & Mar 20 high at 2.6154/59.
While a downside break back below the Apr 3 low at 2.4670, returns the focus to
the March 28 low at 2.3384.

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.