Free Trial

(H0) Downside Focus *RES 4:....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Downside Focus
*RES 4: 132-02+ High Oct 3 and Oct 7 and key resistance
*RES 3: 131-29 Feb 3 high
*RES 2: 131-20+ High Feb 4
*RES 1: 131-16+ 76.4% retracement of the Feb 3 - Feb 6 decline
*PRICE: 131-00+ @ 16:29 GMT, Feb 11
*SUP 1: 130-07 Low Jan 29 and key near-term support
*SUP 2: 129-28+ 50-day EMA
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures are traded lower Tuesday. Sharp losses last week are expected to
continue to weigh on prices and the recent recovery is most likely a correction.
Last week futures cleared support at 130-30, the Jan 31 low and 130-13+, Jan 29
low signalling scope for a deeper pullback towards 129-28+, an area of support
highlighted by the 50-day EMA. The recent sell-off marks an unwinding of the
overbought condition. Initial resistance is at 131-16+.

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.