Free Trial

(H18) Initial Focus On.........>

US 10YR FUTURE TECHS: (H18) Initial Focus On 120-25+/121-22+
*RES 4: 123-05+ Highs Jan 11 & 16
*RES 3: 122-30 Hourly resistance Jan 17
*RES 2: 122-22 Hourly support Jan 17 now resistance
*RES 1: 122-20 Low Jan 12 now resistance
*PRICE: 122-04 @ 2030GMT
*SUP 1: 121-22+ Monthly Low July 1 2011
*SUP 2: 120-25+ Low Apr 29 2011
*SUP 3: 119-24 Low Apr 21 2011
*SUP 4: 118-24 Low Apr 13 2011
*COMMENTARY: Topside hesitation has taken its toll with repeated fresh 2018 and
6+ year lows that see bears focused on 120-25+/121-22+. The Bollinger base
(122-12+) is a concern for bears and recently limited follow through. Bulls now
need a close above 122-22 to ease bearish pressure and hint at a correction back
to 123-05+/123-20. Bears still need a close below 121-22+ to add weight to their

To read the full story



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.