Free Trial

(H18) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Bulls Need Close Above Channel Top
*RES 4: 125-06+ Monthly high Nov 8 
*RES 3: 125-00  High Nov 28 
*RES 2: 124-24+ Daily Bear channel top 
*RES 1: 124-21+ 55-DMA
*PRICE: 124-18+ @ 2030GMT
*SUP 1: 124-13 Hourly breakout level Dec 13
*SUP 2: 124-05 Hourly support Dec 13
*SUP 3: 123-29 Low Dec 13
*SUP 4: 123-27 Lows Oct 25 & 27
*COMMENTARY: Pressure has returned to the 124-21+/24+ resistance region where
the 55-DMA and bear channel top are situated. Bulls now look for a close above
the channel top to shift immediate focus to 125-00/07+ where the 100-DMA is
located. Support layers are building and adding to bullish confidence. Bears now
need a close below 124-13 to ease pressure on the 55-DMA and below 124-05 to
reconfirm focus on the key 123-27/29 support region.

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.