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Free Access(U18) Bears Need Close Below...>
US 10YR FUTURE TECHS: (U18) Bears Need Close Below 119-26+
*RES 4: 120-20 High July 6
*RES 3: 120-15+ Bollinger band top
*RES 2: 120-13 Hourly resistance July 12
*RES 1: 120-08 High July 17
*PRICE: 120-02+ @ 2130GMT
*SUP 1: 120-00 Lows July 10 & 16
*SUP 2: 119-30 Low July 3
*SUP 3: 119-26+ Low June 26
*SUP 4: 119-18+ 55-DMA
*COMMENTARY: Hesitation ahead of 120-08/13 continues and sees pressure back on
layers of support 119-26+/00. Bears need a close below 119-26+ to confirm
traction below the 21-DMA and initially pressure 119-13+/18+ where the 55-DMA is
found. The 120-13/20 resistance region remains key. Bulls continue to look for a
close above 120-13 to gain breathing room and above 120-20 to confirm focus on
the key 121-03/12 region.
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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.