Free Trial

(H0) Consolidating *RES 4:.....>

US 10YR FUTURE TECHS: (H0) Consolidating
*RES 4: 130-17+ High Nov 1
*RES 3: 130-16 61.8% of the Oct 7 - Nov 7 decline
*RES 2: 130-04+ High Dec 3 and bull trigger
*RES 1: 129-14+ High Dec 6
*PRICE: 129-01 @ 11:12 GMT, Dec 11
*SUP 1: 128-21 Low Dec 6
*SUP 2: 128-14+ 76.4% retracement of the Nov 7 to Dec 3 rally
*SUP 3: 128-11+ Low Nov 13
*SUP 4: 128-03+ Low Nov 12
10yr futures are consolidating. A bearish focus remains in place following the
sell-off that unfolded off the Dec 4 high last week. This resulted in a low
print of 128-21 on Dec 6 and marked a breach of former support at 128-23+, Dec 2
low essentially negating the bullish implications of the bounce between Dec 2
and Dec 3. This break lower has exposed 128-14+ next, 76.4% retracement of the
Nov 7 to Dec 3 rally. Resistance is at 129-14+, Friday's high.

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.