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Free Access(H0) Likely To Remain Under....>
US 10YR FUTURE TECHS: (H0) Likely To Remain Under Pressure
*RES 4: 130-04+ High Dec 3
*RES 3: 129-14 High Dec 12 and near-term bull trigger
*RES 2: 129-02 High Dec 13
*RES 1: 128-22 Intraday high
*PRICE: 128-15+ @ 18:38 GMT, Dec 30
*SUP 1: 127-29 Low Dec 13 and bear trigger
*SUP 2: 127-18+ 1.618 projection of the Oct 3 to Nov 7 low from Dec 3 high
*SUP 3: 127-00 Round number support
*SUP 4: 126-31+ 1.764 projection of the Oct 3 to Nov 7 low from Dec 3 high
10yr futures traded lower today but did find support off the day low. The
outlook remains bearish with attention on the 127-29 key support. A breach would
confirm a resumption of the broader down move and maintain the bearish price
sequence of lower lows and lower highs. This would open 127-18+, a Fibonacci
projection and the 127-00 level. Initial resistance is at 128-23+ however a
break of 129-14, Dec 12 high is needed to reverse the outlook.
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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.