Free Trial

(M18) Bulls Need Close Above...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M18) Bulls Need Close Above 200-WMA 
*RES 4: 97.3600 - High Apr 9
*RES 3: 97.3129 - 200-WMA
*RES 2: 97.2773 - 200-DMA
*RES 1: 97.2600 - High Apr 18
*PRICE: 97.2150 @ 2130GMT
*SUP 1: 97.2000 - Low May 8
*SUP 2: 97.1500 - High Apr 24 now support
*SUP 3: 97.0800 - Low Feb 21
*SUP 4: 97.0688 - Weekly Bull channel base off 2008 Low
*COMMENTARY: The recovery from Apr lows has stalled ahead of the 200-DMA with
the 200-WMA lurking just above as daily studies head towards O/B levels. Bulls
now need a close above the 200-WMA to shift initial focus to 97.4000-4400. The
contract is looking a little heavy having dipped below 97.200 with bears now
needing a close below 97.1500 to retain initial focus on 2018 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.