Free Trial

(U18) Bears Now Need Close.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Bears Now Need Close Below 119-26+
*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: 120-05  Hourly resistance July 2
*PRICE: 120-02 @ 0320GMT
*SUP 1: 119-26+ Low June 26
*SUP 2: 119-20+ Low June 22
*SUP 3: 119-13+ Low June 21, 55-DMA
*SUP 4: 118-29+ Low June 13
*COMMENTARY: Failure to take out 120-16 and confirm focus on 121-03/12 has left
the contract looking offered with the break below 120-02 easing bullish
pressure. Bears now look for a close below 119-26+ to shift initial focus back
to 119-13+ with below 118-29+ needed to target 2018 lows. Bulls now need a close
above 120-05 to gain breathing room and above 120-16 to confirm focus on
121-03/12.

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.