Free Trial

(M18) Flirting With 55-DMA.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Flirting With 55-DMA
*RES 4: 120-21+ Daily Bear channel top off Feb high
*RES 3: 120-13+ 100-DMA
*RES 2: 120-06+ High Apr 19
*RES 1: 120-00+ High May 25, Bollinger band top
*PRICE: 119-25+ @ 0430GMT
*SUP 1: 119-22+ High May 24 now support
*SUP 2: 119-09+ 21-DMA
*SUP 3: 118-31  Alternating daily support/resistance
*SUP 4: 118-19+ High May17 now support
*COMMENTARY: Gains defined last week with a pop above the 55-DMA (119-30+)
Friday. Daily studies remain well placed before O/B is an issue. The 120-06+
resistance is key this week. Bulls need a close above to confirm a break of the
55-DMA and initially pressure 120-13+/21+ where the bear channel top and 100-DMA
are found. The 21-DMA is key support this week. Bears need a close below to ease
bullish pressure and below 118-31 to shift focus back to 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.