Free Trial

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

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 121-01+ Resistance Now Key
*RES 4: 122-02  Monthly High Feb 6
*RES 3: 121-26+ 55-DMA
*RES 2: 121-01+ High Feb 7
*RES 1: 120-28+ Daily Bear channel top (off Jan 2 high)
*PRICE: 120-18 @ 1030GMT
*SUP 1: 120-14  High Feb 26 now support
*SUP 2: 120-07+ 21-DMA
*SUP 3: 120-00  Alternating hourly support/resistance
*SUP 4: 119-21  Repeated Daily lows Feb
*COMMENTARY: Bulls take comfort as M18 gains traction above the 21-DMA with
immediate focus on 120-28+/121-01+ where the bear channel top is noted. Bulls
need a close above 121-01+ to shift initial focus to 121-26+/122-02 where the
55-DMA is located. Support layers emerging adds to bullish confidence with bears
now needing a close below the 21-DMA to gain breathing room and below 120-00 to
pressure 119-14 Feb lows.

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.