Free Trial

(H19) Based Ahead of 122.......>

US 10YR FUTURE TECHS: (H19) Based Ahead of 122
*RES 3: 127-28+    Sep 8, 2017 high
*RES 2: 124-02+    Dec 29 2017 high
*RES 1: 123-08     Jan 3 high
*PRICE: 122-10     @ 10:40 GMT, Jan 7
*SUP 1: 119-21+    200-dma
*SUP 2: 119-15+/06 100-dma, Oct 26 high
*SUP 3: 118-25+    76.4% 117-13+-123-08
*SUP 4: 117-13+    Oct 8 low
10-Yr futures retreated off 12-mth lows, before basing ahead of 122. Despite
this, the recent uptrend remains intact with bulls focusing on a break of
123-08, before challenging the Dec 29 2017 high at 124-02+. Failure to hold
122-00 brings ascending trendline support at 120-06 into play, opening a run at
the 200 & 100-dma's at 119-21+ & 119-15+ respectively.

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.