Free Trial

(M9) Consolidating Gains.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Consolidating Gains
*RES 4: 126-04 Channel top resistance 
*RES 3: 125-25+ High Oct 13, 2017 
*RES 2: 125-14 76.4% Retracement of Sep 2017-Oct 2018 decline 
*RES 1: 125-07 High May 23 
*PRICE: 124-30 @ 03:22 GMT, May 27 
*SUP 1: 124-27 Low May 24 
*SUP 2: 124-04+/124-01 21-dma/Low May 21 
*SUP 3: 123-26+ Low May 10 
*SUP 4: 123-22+ 55-dma 
US Tsy futures continue to trade in a tight range just shy of Thursday's highs
as bulls consolidate recent gains. A break above 125-07 is needed to extend the
rally towards the 76.4% Retracement of the Sep 2017-Oct 2018 decline at 125-31.
A break would open the Oct 13, 2017 high at 125-25+. Bears need to break below
Friday's low at 124-27 to stabilise the outlook and open the 21-dma/May 21 low
at 124-04+/01.

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.