Free Trial

(H19) Struggle To Extend.......>

US 10YR FUTURE TECHS: (H19) Struggle To Extend Gains
*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: 120-30 Intraday high Dec 10
*PRICE: 120-20+ @ 06:12 GMT, Dec 11 
*SUP 1: 118-23 50-dma 
*SUP 2: 117-13+ Oct 8 low 
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart) 
US T-note futures were unable to reclaim their opening highs yesterday, giving
back some gains but keeping the broader uptrend intact. A close above
yesterday's high at 120-30 would open the May 30 high & 38.2% retracement at
121-12/13+, above which 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 118-23, ahead of the Oct 8 low at 117-13+.

To read the full story

Why Subscribe to


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.