Free Trial

(U17) Rally Falters Around 5...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U17) Rally Falters Around 5 Week Channel Top
*RES 4: 127-275 1% volatility band
*RES 3: 127-080 Jun 14 high
*RES 2: 127-015/045 Aug 18 high, 5 week bull channel top 
*RES 1: 126-290/297 Aug 21 high, hourly resistance
*PRICE: 126-215 @1000GMT
*SUP 1: 126-165/180 Hourly support
*SUP 2: 126-110 Aug 17 low
*SUP 3: 126-060 Initial recovery high Aug 16, now support
*SUP 4: 126-045 5 week bull channel base
*COMMENTARY* The 125-290/125-260 area managed to remain unscathed, as the
earlier 125-320 level provided support last Wednesday. The subsequent recovery
has broken above the month's and the Jun 26 highs at 126-280/126-290. Will have
to find the further strength for a sustained break above here however, before
the confidence in the upside will be restored and the chance of a further
127-045/127-080 rise. Support rises to 126-180/126-110.

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.