Free Trial

(H0) Stalls Ahead Of 100-dma...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Stalls Ahead Of 100-dma
*RES 4: 130-06 High Jan 8 and a key resistance
*RES 3: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 2: 129-21 100-dma
*RES 1: 129-20 Intraday high
*PRICE: 129-16+ @ 17:00 GMT, Jan 22
*SUP 1: 128-29 Low Jan 17
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
*SUP 4: 128-05 Low Dec 30 and Low Jan 2
10yr futures are firmer again but thus far still finding resistance ahead of the
100-dma at 129-21, the first target. Attention remains on the sharp sell-off
from Jan 8, which still hangs over sentiment. This suggests the near-term
outlook remains bearish with support at 128-29 and 128-17+ exposed. A break of
the latter, the Jan 9 low would open 127.29, Dec 13 low. On the upside, a clear
break of the 100-dma would instead target 129-25+ and 130-06, Jan 8 high.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.