Free Trial

(M9) Bounces Off 124.00........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Bounces Off 124.00 Support
*RES 4: 127-26+/28+ 61.8% 134-07+-117-13+/Sep 8 2017 high
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-27 May 15-16 highs
*PRICE: 124-06 @ 15:17 GMT, May 22
*SUP 1: 122-30/26+ May 3 low/100-dma
*SUP 2: 122-02 38.2% 117-13+-124-31
*SUP 3: 121-02+/02 200-dma/Jan 18 low
*SUP 4: 120-04+ Dec 12-13 lows
US Tsy futures snapped three consecutive sessions of losses Wednesday, bouncing
ahead of support at the 124-00 handle. Bears continue to target yesterday's low
at 124-01 and the 21-dma just below at 123-29 with a downside break opening the
May 10 low & 50-dma at 123-26+/21. Bulls need to recover Friday's high at 124-25
and the May 15/16 highs at 124-27 to reignite upside momentum, opening a move
towards the March 27 ytd high at 124-31.

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.