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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.
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(M18) Correcting After.........>
US 10YR FUTURE TECHS: (M18) Correcting After Tuesday's Sharp Rise
*RES 4: 121-030 May 29 high
*RES 3: 120-240/265 Intraday hourly high, hourly base May 29
*RES 2: 120-205 Hourly recovery high May 30
*RES 1: 120-140/145 Hourly resistance
*PRICE: 120-030 @1100GMT
*SUP 1: 119-285/290 38.2% of 117-300/121-030, hourly support
*SUP 2: 119-215/245 May 25 high, May 29 low
*SUP 3: 119-165 50% Fibo of 117-300/121-030
*SUP 4: 119-110 May 28 low
*COMMENTARY* The recovery since the dip to 117-300 on May 17, resulted in a
sharp spike higher to 121-030 yesterday. Has subsequently seen a decent
pullback, as a result of some near term overbought conditions, now nearing a
38.2% Fibo retrace of that 117-300/121-030 rise. In the interim, resistance
comes from 120-140/120-145, above would allow a higher 120-205/120-265 bounce.
Below 119-285 and the correction can continue, 119-245/119-165 then possible.
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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.