Free Trial

(M18) 120-11 & 55-DMA Key......>

US 10YR FUTURE TECHS: (M18) 120-11 & 55-DMA Key Supports
*RES 4: 122-01  100-DMA
*RES 3: 121-12  High Apr 3
*RES 2: 121-05  High Apr 4
*RES 1: 120-30+ Hourly resistance Apr 4
*PRICE: 120-21+ @ 0320GMT
*SUP 1: 120-19+ 55-DMA
*SUP 2: 120-11  Low Mar 26 & 27
*SUP 3: 120-03  Low Mar 22
*SUP 4: 119-21+ Repeated Daily lows Feb
*COMMENTARY: A lack of follow through on the break of 121-09 sees pressure on
the 55-DMA as daily studies look to correct from O/B levels. Bears still need a
close below the 55-DMA to gain breathing room and below 120-11 to confirm a
break of the 21-DMA (120-15+) & shift focus back to 119-14/21+. While the 55-DMA
supports bulls remain focused on 122-02/19+ where key DMA and WMAs are situated.

To read the full story



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.