Free Trial

(H0) Bullish Conditions Hold...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Bullish Conditions Hold
*RES 4: 132-02+ High Oct 3 and Oct 7
*RES 3: 131-27+ High Oct 10
*RES 2: 131-11+ 1.382 projection of Jan 2 - Jan 8 rally from Jan 9 low
*RES 1: 131-06 Intraday high
*PRICE: 130-18 @ 16:44 GMT, Jan 28
*SUP 1: 130-17 Low Jan 27 and gap high
*SUP 2: 129-17+ Low Jan 23
*SUP 3: 129-12 Low Jan 22
*SUP 4: 128-29 Low Jan 17 and key near-term support
10yr futures maintain a firmer tone with further gains seen likely near-term
given that risk-aversion remains at elevated levels. The technical condition is
bullish too and this was reinforced by yesterday's break of former resistance at
130-17+, Nov 1 high. The focus is on further upside towards 131-11+ and 131-19
next, both Fibonacci projections. Initial support lies at 130-17, yesterday's
low.

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.