Free Trial

(H18) 123-27 Support Remains...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) 123-27 Support Remains Key
*RES 4: 124-22+ 55-DMA 
*RES 3: 124-17+ High Dec 11 
*RES 2: 124-11 High Dec 12 
*RES 1: 124-06 Hourly resistance Dec 12
*PRICE: 124-03+ @ 2030GMT
*SUP 1: 124-00 Low Dec 12
*SUP 2: 123-29+ Monthly Low Nov 30
*SUP 3: 123-27 Lows Oct 25 & 27
*SUP 4: 123-06+ Daily Bear channel base
*COMMENTARY: Bears take comfort in continued topside failures ahead of the
55-DMA and bear channel top. The sell-off Thursday left the contract looking
heavy once more with focus having returned to 123-27/29+ where monthly lows are
noted. Below 123-27 remains needed to target the bear channel base (123-06+).
Bulls now look for a close above 124-11 to gain breathing room and above the
bear channel top (124-24+) to initially pressure 125-00.

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.