Free Trial

(M18) Rally Slightly Exceeds...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M18) Rally Slightly Exceeds 76.4% Fibo Retrace Level 
*RES 4: 120-050/070 1% vol band, 61.8% of 121-120/118-105
*RES 3: 119-315 May 4 high
*RES 2: 119-275 50% Fibo of 121-120/118-105
*RES 1: 119-215/225 May 10, May 24 highs
*PRICE: 119-185 @1020GMT
*SUP 1: 119-090 May 24 low
*SUP 2: 119-035 Hourly base May 23
*SUP 3: 118-290 May 18 high, now support
*SUP 4: 118-210/215 May 20, May 21 lows
*COMMENTARY* Last week's decline saw the equality fall target at 118-150 give
way. A low of 118-105 seen on Thursday, so far keeping us away from a test to
the 6 year median line support at 118-050. In the meantime, some near term
oversold conditions have allowed a bounce, with the 76.4% Fibo retrace level at
119-190 now overcome, this sees 119-215/119-275 as next barrier of note. Nearest
support now showing from between 119-090/119-035.

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.