Free Trial

(U9) 128-00 out of reach for...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) 128-00 out of reach for now
*RES 4: 131-00 Nov 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-18 Upper Bollinger band (3%)
*RES 1: 128-14 Jul 3 high
*PRICE: 127-15+ @ 11:05 BST, Jul 24
*SUP 1: 126-27+/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-06 100-dma
*SUP 4: 124-05+/01 May 21 low/38.2% 117-13+-128-14
Upside impetus has moderated further this week, putting further gains in doubt
as markets look to sit on the sidelines ahead of the FOMC next week. The hold
above former trendline resistance-turned-support drawn off the May 3 low is an
encouraging sign for bulls, returning the focus to the Jul 3 high & 3% upper
Bollinger band at 128-14/18. Any move through here opens the potential of a
return to 131-00. The May 30 low provides interim support at 125-06+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.