Free Trial

(U0) Eyeing The Next Hurdle....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) Eyeing The Next Hurdle For Bulls
*RES 3: 140-02 0.764 projection of Jun 5 - 11 rally from Jun 16 low
*RES 2: 139-25 Contract high, Mar 25
*RES 1: 139-22+ High Jul 10 / 22 & 0.618 proj. of Jun 5 - 11 rally from Jun 16
low
*PRICE: 139-19+ @ 16:21 BST Jul 23
*SUP 1: 139-00+ Low Jul 13
*SUP 2: 138-23+ Low Jul 2 and key near-term support
*SUP 3: 138-07 Low Jun 16 a reversal trigger
10yr futures maintains a firmer tone this week and traded at the first key
hurdle for bulls at 139-22+, high Jul 10 and a projection level. The outlook
remains bullish however a move beyond 139-22+ is required to trigger a fresh
round of stronger gains that would open the major resistance at 139-25, Mar 25
contract high. On the downside, key support lies at 138-23+ where a break is
required to signal a 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.