Free Trial

(M9) Downtrend Intact For......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Downtrend Intact For Now
*RES 4: 124-31 High Mar 27 
*RES 3: 124-05+ High Apr 1 
*RES 2: 123-29+ High Apr 10 
*RES 1: 123-07+ High Apr 18/downtrend resistance 
*PRICE: 123-00 @ 06:02 GMT, Apr 23 
*SUP 1: 122-23 Low Mar 20/Apr 17 
*SUP 2: 122-12 Low Mar 12 
*SUP 3: 121-15+ Low Mar 4 
*SUP 4: 121-10 Low Jan 18 
US tsy futures continue to respect down trendline resistance from the March
highs, keeping the focus on the downside for now. Wednesday's low at 122-23 is
the next downside target, below which would open March 12 low at 122-12 ahead of
the March 4 low at 121-15+. Bulls need to overcome the April 18 high and
downtrend resistance at 123-07 to suggest a potential bull flag breakout. Above
here would open the April 10 high at 123-29+ ahead of the March highs. 

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.