Free Trial

(H9) Returns to the middle.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Returns to the middle of the week's range
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-02+ Dec 29 2017 high
*RES 1: 123-08 Jan 3 high
*PRICE: 122-04+ @ 15:25 GMT, Feb 22
*SUP 1: 121-21+/02 50-dma/Jan 18 low
*SUP 2: 120-04+ Dec 12-13 lows
*SUP 3: 120-06/119-31+ 100-dma/200-dma
10-Yr futures were on the defensive from the off Friday, however much of the
momentum petered out alongside the US open, returning Treasuries to the middle
of the week's range for a relatively neutral close. With bulls and bears at an
impasse headed into the new week, the 50-dma should continue to provide firm
support, with the Jan3 high capping for now at 123-08. Bulls also target down
trendline resistance from the Jan 3 highs, with a close above 122-10 needed to
confirm a breakout.

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.