Free Trial

(M18) Further Recovery.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Further Recovery Requires 119-215/119-230 Break
*RES 4: 120-165 Apr 5 low, now resistance
*RES 3: 120-070 Apr 16 low, now resistance
*RES 2: 119-295 Apr 20 high
*RES 1: 119-215/230 Feb 27, 28, Apr 19 lows, now resistance
*PRICE: 119-175 @1027GMT
*SUP 1: 119-045/075 Hourly support
*SUP 2: 118-310 Apr 25 low
*SUP 3: 118-150 Equality fall from 121-120 to 122-190/120-030
*SUP 4: 118-115 6 year median line, 1% volatility band 
*COMMENTARY* Last week saw a break below congested 119-265/119-215 support. A
low of 118-310, as we so far head off a test towards the equality fall target at
118-150. Any lower and the 6 year median line and lower 1% volatility band at
118-115 become the next levels to watch. As a consequence, oversold in near
term, above 119-175 assists but any real recovery is beholden to a higher
119-215/119-230 break.

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.