Free Trial

(H18) Topside Follow Through...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H18) Topside Follow Through Lacking
*RES 4: 122-20 Low Jan 12 now resistance
*RES 3: 122-05+ Hourly resistance Feb 6a
*RES 2: 121-23 Hourly resistance Feb 6
*RES 1: 121-10+ Alternating support/resistance
*PRICE: 121-08 @ 0300GMT
*SUP 1: 120-18 2018 Low Feb 5
*SUP 2: 119-24 Low Apr 21 2011
*SUP 3: 118-24 Low Apr 13 2011
*SUP 4: 117-29 Monthly Low Apr 8 2011
*COMMENTARY: Bulls have failed to capitalise on the bullish key day reversal
with the contract rejected ahead of key 122-20 resistance and remaining heavy.
The break back below 121-10+ reconfirms initial focus to 2018 lows and then
below 120-18 to target the 117-29/119-24 support region where levels last seen
in 2011 are noted. Bulls still need a close above 122-20 to shift initial focus
to 123-05+/20 where the 55-DMA 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.