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Free Access(H18) Decline Threatening 5....>
US 10YR FUTURE TECHS: (H18) Decline Threatening 5 Week Bear Channel Base
*RES 4: 123-110/125 5 week falling res'tce line, Dec 21 low
*RES 3: 123-050 Jan 11, Jan 16 highs
*RES 2: 122-300 Congestion area Jan 10-16
*RES 1: 122-200/225 Jan 12, Jan 10 lows
*PRICE: 122-130 @1129GMT
*SUP 1: 122-090/115 Intraday low, 5 week bear channel base
*SUP 2: 122-070 Sep 2013 low
*SUP 3: 121-252 76.4% Fibo of 117-180/135-155
*SUP 4: 121-225 1% volatility band
*COMMENTARY* The decline has now moved below the Dec 2016 base at 122-145 and
also the 5 week bear channel base at 122-115. A sustained break below here and
the Sep 2013 lows at 122-070 then come into view next. In the meantime, nearest
resistance falls to 122-200/122-300 but once again it is the slightly higher
123-050 region that holds the key to any real recovery hopes. Beneath 122-070
and not much until the Fibo support at 121-252.
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Why MNI
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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.