Free Trial

(M0) Volatile And Vulnerable *RES 4:......>

JGB TECHS
JGB TECHS: (M0) Volatile And Vulnerable
*RES 4: 139-07 High Mar 12
*RES 3: 138-30+ High Mar 16
*RES 2: 138-04 High Mar 17
*RES 1: 136-00+ High Mar 18
*PRICE: 135-04+ @ 16:08 GMT, Mar 19
*SUP 1: 133-21 Intraday low
*SUP 2: 133-14 Low Feb 28
*SUP 3: 133-02+ 50-day EMA
*SUP 4: 132-18+ Low Feb 26
10yr futures remain volatile and traded a touch higher Thursday. The contract
has breached a support area highlighted by the 20-day EMA, paving the way for a
deeper retracement in what is being viewed as a much needed correction. The
focus is on 133-14, Feb 28 low and potentially a test of the 50-day EMA
currently at 133-03+. The latter is seen as a key support area. On the upside,
initial resistance is at the Wednesday high of 136.00+.

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.