Free Trial

(U18) Bears Need Close Below...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Bears Need Close Below 119-14+
*RES 4: 121-03  High May 30
*RES 3: 120-24  Hourly resistance May 30a
*RES 2: 120-16  Hourly resistance May 30
*RES 1: 120-06  High June 19
*PRICE: 119-26 @ 2130GMT
*SUP 1: 119-24  Hourly support June 18
*SUP 2: 119-14+ Low June 15
*SUP 3: 119-09  Hourly resistance June 13 now support
*SUP 4: 118-29  Low June 13
*COMMENTARY: The break of 120-00+ lacked follow through Tuesday which is less
than ideal for bulls. Bulls now need a close above 120-06 to confirm focus on
112-03/12+. Daily studies have returned to more neutral levels. Bears continue
to look for a close below 119-14+ to confirm breaks of 21 (119-17+) & 55
(119-15+) DMAs, easing bullish pressure, and below 118-29+ to 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.