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Free Access(U17) Rally Supported By 11....>
US 10YR FUTURE TECHS: (U17) Rally Supported By 11 Day Rising Support Line
*RES 4: 127-080 Jun 26 high
*RES 3: 126-290 Jun 26 high
*RES 2: 126-215 76.4% Fibo of 127-080/124-255
*RES 1: 126-185 Aug 9 high
*PRICE: 126-120 @1121GMT
*SUP 1: 125-320 11 day rising support line
*SUP 2: 125-290 Aug 4 low
*SUP 3: 125-215 Aug 1 low
*SUP 4: 125-155 Jul 25 low
*COMMENTARY* Again, after seeing a fresh rise to 126-185 on Wednesday, the
appearance of a 'shooting star' candle at the day's close is a concern. Will
need a move above here to negate the potentially bearish consequences and then
concentrate on a challenge to the key 76.4% Fibo retrace level at 126-215 next.
Support comes from the 11 day rising support line at 125-320, loss here will
also weaken upside argument and suggest a deeper correction is due.
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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.