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Free Access(M18) 119-115 Now The Bar To...>
US 10YR FUTURE TECHS: (M18) 119-115 Now The Bar To Increased Gains
*RES 4: 119-315 May 4 high
*RES 3: 119-215 May 10 high
*RES 2: 119-190 76.4% Fibo of 119-315/118-105
*RES 1: 119-115 Hourly congestion lows May 10-14
*PRICE: 119-090 @1055GMT
*SUP 1: 118-290/305 May 18, May 22 highs, now support
*SUP 2: 118-215/230 May 21, May 22 lows
*SUP 3: 118-105 May 17 low
*SUP 4: 118-050 6 year median line
*COMMENTARY* Last week's decline saw the equality fall target at 118-150 give
way. A low of 118-105 seen on Thursday, so far keeping us away from a test to
the 6 year median line support at 118-050. In the meantime, some near term
oversold conditions have allowed a bounce, 118-305/119-060 resistance now
overcome. This sees the congested 119-115 region next ahead of the 76.4% Fibo
retrace level at 119-190. Support now showing from between 118-305/118-215.
To read the full story
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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.