Free Trial

(U18) Narrowed Bollis Hint.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Narrowed Bollis Hint At Breakout
*RES 4: 120-24  Hourly resistance May 30a
*RES 3: 120-20  High July 6
*RES 2: 120-16+ Bollinger band top
*RES 1: 120-13+ High July 19
*PRICE: 120-09 @ 0320GMT
*SUP 1: 120-07  Hourly resistance July 19 now support
*SUP 2: 120-05+ 21-DMA
*SUP 3: 119-27+ Bollinger band
*SUP 4: 119-26+ Low June 26
*COMMENTARY: 119-26+ confirmed significance with an aggressive bounce that sees
focus return to the 120-20 resistance. Bulls continue to look for a close above
120-20 to confirm focus on the key 121-03/12 region. Support layers building add
to bullish confidence. Bears now look for a close below the 21-DMA to ease
bullish pressure and below 119-26+ to confirm traction below the 21-DMA and
initially pressure 119-13+/20+ where the 55-DMA is found.

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.