Free Trial

(M18) 21-DMA Resistance........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) 21-DMA Resistance Remains Key
*RES 4: 119-10+ 21-DMA
*RES 3: 119-07  High May 15
*RES 2: 118-31  Low Apr 25 now resistance
*RES 1: 118-25+ High May 16
*PRICE: 118-13 @ 0930GMT
*SUP 1: 118-14  2018 Low May 16
*SUP 2: 117-29+ Monthly Low Apr 8 2011
*SUP 3: 117-22+ 2011 Low Feb 9
*SUP 4: 117-07+ Weekly Bear channel base
*COMMENTARY: Recent topside hesitation around the 21-DMA provided the impetus
for fresh 2018 & 7yr lows. Bears focus attention on the weekly bear channel base
coming in around 117-07+. Daily studies now approaching O/S is less than ideal
but layers of resistance are accumulating and weighing. Bulls now need a close
above 118-31 to ease bearish pressure and above the 21-DMA to pressure
119-31/120-06+.

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.