Free Trial

(M9) Multi-year highs *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Multi-year highs
*RES 3: 127-26+ 61.8% 134-07+-117-13+
*RES 2: 127-00+ Sep 12 2017 high
*RES 1: 126-11 Intraday/Multi-year high
*PRICE: 126-00+ @ 16:27 GMT, May 31
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-01/123-31 May 21 low/50-dma
*SUP 3: 123-00+/30 100-dma/May 3 low
Another leg lower for global equity markets kept Treasury futures on the front
foot Friday, with the 10y contract hitting fresh contract (and multi-year) highs
at 126-11. The underlying tone holds firm with next resistance seen from the Sep
12 2017 high at 127-00+, above here would see bulls focus on the 61.8%
retracement level at 127-26+. Initial downside support comes in today at
125-06+, with a break here needed to stabilise the outlook and bring the May 21
low & 50-dma back into view at 124-01/123-31.

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.