Trial now
SOY TECHS

(X1) Still Looking For Gains

US EURODLR OPTIONS

BLOCK, 3Y Midcurve Put Spd

US TSY FUTURES

Gaining After BOE Policy Annc

COPPER TECHS

(U1) Outlook Deteriorate Further

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 133-20+ 1.0% 10-dma envelope
  • RES 3: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 133-00 Round number resistance
  • RES 1: 132-29 High Jun 9
  • PRICE: 132-20 @ 11:43 BST Jun 10
  • SUP 1: 131-31+ 20-day EMA
  • SUP 2: 131-18 Low Jun 3 and 4 and key short-term support
  • SUP 3: 131-01/130-31+ Low May 19 / Low May 13
  • SUP 4: 130-23+/17+ Low Apr 29 / Low Apr 13

US 10y futures traded higher Wednesday resulting in a break of resistance at 132-20+, May 7 high. This marked a key short-term hurdle for bulls and the break removes recent bearish concerns to suggest scope for a stronger near-term recovery. Attention is on the 133-00 handle and 133-11, a Fibonacci projection. On the downside, key near-term support has been defined at 131-18, the Jun 3, 4 low. Initial support is at 131-31+.