Free Trial

(M18) 121-01+ Resistance.......>

US 10YR FUTURE TECHS: (M18) 121-01+ Resistance Remains Key
*RES 4: 121-12+ 55-DMA
*RES 3: 121-01+ High Feb 7
*RES 2: 120-15+ Daily Bear channel top (off Jan 2 high)
*RES 1: 120-14+ Hourly resistance Mar 7
*PRICE: 119-30 @ 0310GMT
*SUP 1: 119-26+ Lows Mar 6 & 9
*SUP 2: 119-21  Repeated Daily lows Feb
*SUP 3: 119-14  Monthly Low Feb 15
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: Bulls failed to capitalise on gains with the contract remaining
capped ahead of the bear channel top. Bulls still need a close above 121-01+ to
shift initial focus to 121-12+/122-02 where the 55-DMA is located. In saying
that, bears still need a close below 119-21 repeated Feb lows to confirm focus
on 118-10+/24 where the bear channel base that has defined 2018 so far is noted.
Daily studies remain at neutral levels.

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.