Free Trial

(M18) 118-31 Support Key.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 118-31 Support Key
*RES 4: 120-06+ High Apr 19
*RES 3: 120-04+ 55-DMA
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-18+ 21-DMA
*PRICE: 119-05 @ 2130GMT
*SUP 1: 118-31  2018 Low Apr 25
*SUP 2: 118-24  Low Apr 13 2011
*SUP 3: 117-29+ Monthly Low Apr 8 2011
*SUP 4: 117-07+ Weekly Bear channel base
*COMMENTARY: Follow through below 119-08 was lacking but bears take comfort in
the bounce remaining capped ahead of the 21-DMA. Bulls look for a close above
120-06+ to confirm breaks of 21 & 55-DMAs and shift initial focus back to
120-20+/24. Bears now look for a close below 118-31 to add weight to the case
for a test of the weekly bear channel base coming in around 117-07+ today. Daily
studies are well placed for a fresh leg lower.

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.