Free Trial

(M18) 119-08 Support Now Key...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 119-08 Support Now Key
*RES 4: 120-20+ Hourly resistance Apr 12
*RES 3: 120-06+ High Apr 19, 55-DMA
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-29+ High Apr 20
*PRICE: 119-16+ @ 2130GMT
*SUP 1: 119-08 Low May 2
*SUP 2: 118-31 2018 Low Apr 25
*SUP 3: 118-24 Low Apr 13 2011
*SUP 4: 117-29+ Monthly Low Apr 8 2011
*COMMENTARY: Bulls take comfort in support emerging on the dip below 119-09 with
bears now needing a close below this level to ease renewed bullish pressure and
return initial focus to 2018 lows. Correcting O/S daily studies remain the key
concern for bears. Bulls now look for a close above Y120-06+ to initially target
a correction back to 120-20+/24 and above 120-24 to shift focus to 121-05-12.

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.