Free Trial

(U17) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U17) Bulls Need Close Above 127-060
*RES 4: 127-200 - Daily Bull channel top 
*RES 3: 127-190 - 2017 High Aug 29 
*RES 2: 127-090 - High Aug 31 
*RES 1: 127-060 - Hourly resistance Sept 4
*PRICE: 127-040 @ 0430GMT
*SUP 1: 126-280 - Low Sept 1
*SUP 2: 126-250 - Hourly support Aug 25
*SUP 3: 126-220 - 21-DMA
*SUP 4: 126-200 - Hourly resistance Aug 22 now support
*COMMENTARY: The lack of topside follow through and rejection ahead of the 2017
high Friday is a concern for bulls with the Bollinger top (127-120) limiting
follow through and daily studies correcting from O/B. Layers of support remain
with bears needing a close below the daily bull channel base to hint at a move
back to 125-290/126-070 where 55 & 100-DMAs are noted. Bulls now need a close
above 127-060 to gain breathing room.

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.