Free Trial

(H18) Bullish Key Day..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bullish Key Day Reversal
*RES 4: 123-14+ 55-DMA
*RES 3: 123-05+ Highs Jan 11 & 16
*RES 2: 122-30 Hourly resistance Jan 17
*RES 1: 122-20 Low Jan 12 now resistance
*PRICE: 122-10 @ 0530GMT
*SUP 1: 121-20+ Hourly support Feb 6
*SUP 2: 121-10+ Alternating support/resistance
*SUP 3: 120-18 2018 Low Feb 5
*SUP 4: 119-24 Low Apr 21 2011
*COMMENTARY: Fresh 2018 & 6yr lows lacked follow through Monday with a bullish
key day reversal a concern given daily studies looking to correct from O/S and
seeing bulls focused on the close above 122-20 to shift initial focus to
123-05+/20 where the 55-DMA is noted. Correcting O/S daily studies add support
to the bullish case. Bears now need a close below 121-10+ to shift initial focus
back to 2018 low.

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.