Free Trial

(U18) 120-07/20 Resistance.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) 120-07/20 Resistance Remains Key
*RES 4: 120-20  High July 6
*RES 3: 120-18+ Bollinger band top
*RES 2: 120-13  Hourly resistance June 12
*RES 1: 120-07  Hourly resistance July 9
*PRICE: 120-02 @ 2130GMT
*SUP 1: 119-30  Low July 3
*SUP 2: 119-26+ Low June 26
*SUP 3: 119-22+ 100-DMA
*SUP 4: 119-14+ 55-DMA
*COMMENTARY: The lack of follow through on last week's break of 120-16 has left
the contract looking offered with focus now on the 100-DMA. Bears now look for a
close below to 100-DMA to shift immediate focus to 119-13+/14+ where the 55-DMA
is noted and below 118-29+ to target 2018 lows. Bulls now need a close above
120-07 to gain breathing room and above 120-20 to confirm focus on the key
121-03/12 region.

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.