Free Trial

(H0) Corrective Pullback.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Corrective Pullback
*RES 4: 132-11 3.0% Upper Bollinger Band
*RES 3: 132-04 1.764 projection of Jan 2 - Jan 8 rally from Jan 9 low
*RES 2: 132-02+ High Oct 3 and Oct 7 and key resistance
*RES 1: 131-29 Feb 3 high
*PRICE: 131-04+ @ 11:02 GMT, Feb 4
*SUP 1: 130-30 Low Jan 31
*SUP 2: 130-13+ Low Jan 29 and key near-term support
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures have reversed direction for now and started some unwinding of the
recent sharp rally. The focus is on support at 130-30, Jan 31 low. A break would
signal scope for a deeper pullback towards the Jan 29 low of 130-13+. The
technical condition had recently entered an overbought zone and the pullback
also marks the likely start of an unwinding of overbought conditions. Resistance
is 131-20+, intraday high and 131-29, Feb 3 high.

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.