Free Trial

(M18) Bears Focused On.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bears Focused On Weekly Bear Channel Base
*RES 4: 119-13+ 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: 118-17+ @ 2130GMT
*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 a fresh leg lower and 2018 & 7yr lows. Bears focus attention on the weekly
bear channel base coming in around 117-07+. Daily studies have room to move
before O/S is an issue. Layers of resistance are accumulating and weighing.
Bulls now need a close above 119-07+ 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.