Free Trial

(H19) Continues to.............>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H19) Continues to Consolidate Above 120
*RES 3: 122-19/21 50% 127-28+-117-13+/Feb 6 high
*RES 2: 121-12/13+ May 30 high/38.2% 127-28+-117-13+
*RES 1: 120-28+ High Dec 6
*PRICE: 120-14 @ 16:16 GMT, Dec 7
*SUP 1: 118-21+ 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Contract highs printed this week at 120-28+ keep the ball in the bull's court
this week and likely well into the end of the year. Ahead of the Fed rate
decision on Dec19 bulls remain in control, keeping first resistance at 120-28+
for now. Consolidation above 120-00 keeps the shorter-term outlook positive with
bulls next target at 121-12/13+ from the May 30 high & 38.2% retracement level,
above here opens the Feb 6 high at 122-21. Bears need a close back below the
200-dma at 119-18 to regain control, focusing on a break of the 50-dma at
118-21+, ahead of the Oct 8 low at 117-13+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.