Free Trial

(M9) Upside Break Fails to.....>

US 10YR FUTURE TECHS: (M9) Upside Break Fails to Hold
*RES 4: 125-23 Channel top resistance 
*RES 3: 124-31 High Mar 26 
*RES 2: 124-13 76.4% retracement of 124-31-122-22+ 
*RES 1: 124-06 High May 8 
*PRICE: 123-27+ @ 02:52 GMT, May 9 
*SUP 1: 123-06+ 55-dma 
*SUP 2: 122-30 Low May 3 
*SUP 3: 122-20 Low Apr 17 
*SUP 4: 122-12 Low Mar 12 
US Tsy futures hit fresh monthly highs yesterday before giving back gains to
return the outlook back to neutral. The upside target is yesterday's high at
124-06 with a break needed to open 124-13 marking the 76.4% retracement of
124-31-122-22+. On the downside a break below the 55-dma at 123-06+ and Friday's
low at 122-30 is needed to suggest further weakness towards the April 17 low at

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.