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Free Access(H0) Capped by 100-dma *RES....>
US 10YR FUTURE TECHS: (H0) Capped by 100-dma
*RES 3: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 2: 129-19+ 100-dma
*RES 1: 129-19 Intraday high
*PRICE: 129-17 @ 16:28 GMT, Jan 21
*SUP 1: 128-29 Low Jan 17
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
10yr futures have been firmer today but found resistance ahead of the 100-dma at
129-19+ which becomes the first target. Attention remains on the sharp sell-off
from Jan 8, which still hangs over sentiment. This suggests the near-term
outlook is bearish leaving support at 128-29 and 128-17+ exposed. A break of the
latter which is the Jan 9 low would refocus attention on the key support at
127.29, Dec 13 low. To the upside, clearance of 129-19+ would instead open
130-06, Jan 8 high.
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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.