Free Trial

(H18) Above 21-DMA To Ease.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Above 21-DMA To Ease Bearish Pressure
*RES 4: 124-23 High Dec 6
*RES 3: 124-16+ Daily Bear channel top
*RES 2: 124-13+ 55-DMA
*RES 1: 124-01+ 21-DMA
*PRICE: 123-25+ @ 2030GMT
*SUP 1: 123-17+ Low Jan 2
*SUP 2: 123-12+ Low Dec 21
*SUP 3: 123-07+ High Mar 13 now support
*SUP 4: 122-30+ Daily Bear channel base
*COMMENTARY: Despite recovering from Dec lows the contract has remained capped
ahead of the 21-DMA. Bulls now look for a close above the 21-DMA to confirm an
easing of bearish pressure and return focus to layers of resistance 124-13+/23
where the 55-DMA and bear channel top are situated. While the 21-DMA caps
immediate bearish focus remains on tests of the bear channel base coming in
around 122-30+ today.

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.