Free Trial

(H18) Bears Need Close Below...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bears Need Close Below 123-21+
*RES 4: 124-23 High Dec 6
*RES 3: 124-18+ Daily Bear channel top
*RES 2: 124-14+ 55-DMA
*RES 1: 124-02+ 21-DMA
*PRICE: 123-27+ @ 0530GMT
*SUP 1: 123-21+ High Dec 27 now support
*SUP 2: 123-12+ Low Dec 21
*SUP 3: 123-07+ High Mar 13 now support
*SUP 4: 123-00+ Daily Bear channel base
*COMMENTARY: Bulls take comfort in the bounce Wednesday that saw bearish
pressure eased and focus return to layers of resistance 124-02+/23 where 21 &
55-DMAs and the bear channel top are situated. Bulls need a close above 124-23
to hint at a move back to 125-25+. The 123-21+ support remains key. Bears need a
close below this level to reconfirm dominance and return pressure to 123-00+/12+
where the bear channel base is noted.

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.