Free Trial

(U18) 118-30 & 120-00+ Key.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) 118-30 & 120-00+ Key This Week
*RES 4: 120-24  Hourly resistance May 30a
*RES 3: 120-16  Hourly resistance May 30
*RES 2: 120-00+ High June 7
*RES 1: 119-23  Hourly resistance June 8
*PRICE: 119-14 @ 0430GMT
*SUP 1: 119-08+ 21-DMA
*SUP 2: 119-04  Low June 7
*SUP 3: 118-30  Low May 24
*SUP 4: 118-19  High May 22 now support
*COMMENTARY: The dip below 21-DMA was aggressively reversed although so far
bulls have failed to gain traction above the 100-DMA (119-26+). Bulls now need a
close above 120-00+ to confirm traction above the 100-DMA and add support to the
case for a move back to 121-03/12+.The 118-30 support remains key this week.
Bears continue to look for a close below to confirm a break of the 21-DMA and
shift initial focus back to 2018 lows.

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.