Free Trial

(M18) Bouncing From Key........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Bouncing From Key Supports
*RES 4: 120-23  High Mar 1
*RES 3: 120-20  Bollinger band top
*RES 2: 120-16  High Mar 19
*RES 1: 120-08  High Mar 21
*PRICE: 120-04+ @ 2030GMT
*SUP 1: 119-21+ Repeated Daily lows Feb, Bollinger base
*SUP 2: 119-14  Monthly Low Feb 15
*SUP 3: 118-24  Low Apr 13 2011
*SUP 4: 117-29+ Monthly Low Apr 8 2011
*COMMENTARY: The lack of follow through and bounce from the 119-14/21+ support
region is less than ideal for bears with the Bollinger base noted at 119-21+.
Bears look for a close below 119-14 to initially target 117-29+/118-24 last seen
in Apr 2011. Bulls need a close above 120-08 to ease bearish pressure. Overall a
close above the 121-01+ is needed to end bearish hopes and initially target
122-02. The Bollinger base (119-20+) is the key concern for bears.

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.