Free Trial

(U17) Bears Need Close Below...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U17) Bears Need Close Below 126-250
*RES 4: 127-080 - Monthly High June 14 
*RES 3: 127-070 - 200-WMA 
*RES 2: 127-010 - High Aug 18 
*RES 1: 127-040 - Bollinger band top
*PRICE: 126-310 @ 2130GMT
*SUP 1: 126-300 - Repeated daily highs now support
*SUP 2: 126-250 - Hourly support Aug 25
*SUP 3: 126-200 - Hourly resistance Aug 22 now support
*SUP 4: 126-160 - Low Aug 23
*COMMENTARY: Bears failed to capitalise on Tuesday's sell-off with the
aggressive rally and bullish close retaining immediate focus on 127-010/160
where June highs and the bull channel top are located. Layers of support remain.
Support layers accumulating adds to bullish confidence with bears now needing a
close below 126-250 to ease immediate bullish pressure and hint at a correction
back to 126-110-160 where the bull channel base and 21-DMA are situated.

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.