Free Trial

(M9) Falters Again Ahead of....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Falters Again Ahead of YTD Highs
*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: 124-14+ @ 16:14 BST, May 17
*SUP 1: 122-30/23+ May 3 low/100-dma
*SUP 2: 122-02 38.2% 117-13+-124-31
*SUP 3: 121-02/00+ Jan 18 low/200-dma
As was the case Thursday, US Tsy futures rallied before stalling ahead of the
March 26 high and pulling lower to finish the session,. As such, 124-27 remains
the near-term target for bulls, but Trump's climb down in trade tensions against
Canada, Mexico and the EU this week will make that a tricky task. A move north
of the week's highs would open the 76.4% retracement of the Sep 2017-Oct 2018
decline at 125-14. On the downside bears look for a break of the Thursday low at
124-10 to allow a run at the May 10 low at 123-26+, below which would suggest a
downside reversal.

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.