Free Trial

(M0) Going Nowhere Fast *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Going Nowhere Fast
*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: 139-21/22 High May 15 / High Apr 21 and key resistance
*PRICE: 139-05+ @ 11:51 BST, May 28
*SUP 1: 138-08+/06 Low May 06 / Low Apr 15
*SUP 2: 137-29+ 50-day EMA
*SUP 3: 137-16 Low Apr 7 and key near-term support
*SUP 4: 136-29+ Low Mar 24
10yr futures continue to trade sideways within its current range. The range
parameters are 139-21/22 at the top and 138-08+ at the base. The underlying
theme remains bullish, however futures still need to clear 139-22, Apr 21 high
to end the current consolation and confirm a resumption of the uptrend that
would target 140-00 and beyond. On the downside, clearance of 138-08+, May 6 low
would be bearish and expose 137-16.

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.