Free Trial

(H9) Spills Above 200-dma......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Spills Above 200-dma
*RES 4: 122-24+ 50% 128-03+ - 117-13+
*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: 120-20 Aug 22 high
*PRICE: 119-30+ @ 16:21 GMT, Dec 4
*SUP 1: 119-21 200-dma
*SUP 2: 118-18+ 50-dma
*SUP 3: 117-13+ Oct 8 low
*SUP 4: 116-20 Breakout target from triangle pattern
The close above the 200-dma Monday prompted another spill higher Tuesday, taking
out some short-term resistance levels to cement the bullish outlook for now.
This shifts focus towards the Aug 22 high at 120-20, ahead of May 30 high &
38.2% retracement level at 121-12/13+. A close back below the 200-dma returns
the short term outlook bearish with downside focus on the 50-dma at 118-18+,
ahead of the Oct 8 low at 117-13+.

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.