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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.
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(M0) All Eyes Still On Key.....>
US 10YR FUTURE TECHS: (M0) All Eyes Still On Key Resistance
*RES 4: 141-26 0.764 projection of Feb 6 - Mar 9 rally from Mar 19 low
*RES 3: 140-24 High Mar 9 and key contract high
*RES 2: 140-00 Round number resistance
*RES 1: 139-16/22 High May 8 / High Apr 22 and key resistance
*PRICE: 139-14 @ 11:17 BST, May 15
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-17+ 50-day EMA
*SUP 3: 137-16 Low Apr 7 and key near-term support
*SUP 4: 136-29+ Low Mar 24
10yr futures are firmer however they still trade below the May 8 high of 139-16.
The failure last week to tackle key resistance at 139-22, Apr 21 high leaves
price trading within the range that has developed over the past few weeks. The
underlying theme is bullish, however futures need to clear 139-22 to confirm a
resumption of the uptrend and target 140-00 and beyond. On the downside,
clearance of 138-08+ would be a bearish development and expose 137-16.
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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.