Free Trial

(U9) 131 next up *RES 4:.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) 131 next up
*RES 4: 134-07+ Jul 6 2016 high
*RES 3: 131-23+ Sep 30 2016 high
*RES 2: 131-00 Nov 9 2016 High
*RES 1: 130-27+ Intraday high
*PRICE: 130-17 @ 16:05 BST, Aug 7
*SUP 1: 128-14+ Aug 2 low
*SUP 2: 127-17+/12 50-dma/Trendline drawn off Apr 17 low
*SUP 3: 125-21+ 100-dma
*SUP 4: 125-14 38.2% 117-13+130-13
Tuesday's break of 130-00 keeps bulls on the front foot and a hold above the
mark Wednesday will strengthen the outlook. This would bring the Nov 9 2016 &
Sep 30 2016 highs into view at 131-00/23+. Technical indicators remain heavily
overbought, opening the potential of a reversal. The Aug 2 low provides
near-term support at 128-14+, ahead of the 50-dma & trendline drawn off the Apr
17 low at 127-17+/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.