Free Trial

(U18) Rally Again Approaches...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Rally Again Approaches 120-060/120-085 Resistance
*RES 4: 120-185 76.4% Fibo of 121-030/118-295
*RES 3: 120-150/160 May 31 high, hourly high May 30
*RES 2: 120-060/085 Jun 19 high, 61.8% Fibo of 121-030/118-295
*RES 1: 120-020/045 Hourly resistance, Jun 25 high
*PRICE: 119-305 @1002GMT
*SUP 1: 119-265 Hourly support
*SUP 2: 119-240 Hourly base Jun 22
*SUP 3: 119-205 Jun 22 low
*SUP 4: 119-125/135 Congestion area Jun 11-Jun 14, Jun 21 low
*COMMENTARY* This month saw a sharp dip to 118-295, just below support from the
May 24 low at 118-300. The subsequent recovery has been almost as swift, rising
through 119-275 and heading towards the next Fibo retrace of note, the 61.8%
retrace at 120-085. Meanwhile, the near term overbought situation has been
remedied by an interim fall to 119-135 and we are once again approaching
120-060/120-085. In the meantime, 119-265/119-205 provides support.

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.