Free Trial

(M18) O/S Daily Studies A......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) O/S Daily Studies A Concern
*RES 4: 120-06+ High Apr 19
*RES 3: 120-02+ Low Apr 18 now resistance
*RES 2: 119-29+ High Apr 20
*RES 1: 119-14+ Hourly resistance Apr 23
*PRICE: 119-05 @ 0430GMT
*SUP 1: 119-04  2018 Low Apr 24
*SUP 2: 118-24  Low Apr 13 2011
*SUP 3: 117-29+ Monthly Low Apr 8 2011
*SUP 4: 117-25  Weekly Bear channel base
*COMMENTARY: Having traded at fresh 2018 & 7yr lows Tuesday sees bears now
targeting 117-22+/118-24 where the weekly bear channel base and 2011 low are
located. The Bollinger base 119-06+ and O/S studies remain key concerns for
bears with potential to limit follow through. Bulls now need a close above
119-14+ to gain breathing room and above Y120-06+ to initially target a
correction back to 120-21+/24.

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.