Free Trial

(M9) Momentum Fades Further....>

US 10YR FUTURE TECHS: (M9) Momentum Fades Further
*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: 124-03+ @ 15:48 GMT, May 21
*SUP 1: 122-30/25+ May 3 low/100-dma
*SUP 2: 122-02 38.2% 117-13+-124-31
*SUP 3: 121-02 Jan 18 low/200-dma
*SUP 4: 120-04+ Dec 12-13 lows
US Tsy futures retreated further Tuesday, denting the recent rally and allowing
bears to target a break of 124-00 and the May 10 low at 123-26+. Below here
opens the 55-dma at 123-15+, ahead of the May 3 low & 100-dma at 122-30/25+.
Bulls need a break above Friday's high at 124-25 as well as the May 15/16 highs
at 124-27 to reignite upside momentum towards the March 27 high at 124-31.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



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.