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Free Access(H18) 120-010 Support Still....>
US 10YR FUTURE TECHS: (H18) 120-010 Support Still Holding Up
*RES 4: 121-075 Feb 14 high
*RES 3: 120-300 Hourly low Feb 14, now resistance
*RES 2: 120-245/250 Hourly low Feb 12, Feb 16 high
*RES 1: 120-210 Hourly resistance
*PRICE: 120-095 @1135GMT
*SUP 1: 120-010 Feb 15 low, Mar 2008 high
*SUP 2: 119-135 1% volatility band
*SUP 3: 119-115 Sep 2008 high, now support
*SUP 4: 118-295 Median line off 2012 highs
*COMMENTARY* Continued to fall for most of last week, most latterly through the
month's previous 120-180/120-170 lows. A low of 120-010 on Thursday, in line
with the March 2008 high. Any lower and the 1% volatility band, at 119-135 by
time today, becomes the next downside attraction. In the interim, nearest
resistance comes from 120-210 but will likely currently need a move back above
120-245/120-300, before near term downside bias is slowed.
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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.