Free Trial

(U9) Clinging on to 127-00.....>

US 10YR FUTURE TECHS: (U9) Clinging on to 127-00
*RES 4: 130-08+   76.4% 134-07+-117-13+
*RES 3: 127-28+   Sep 8 2017 high
*RES 2: 127-26+   61.8% 134-07+-117-13+
*RES 1: 127-15    Jun 3 high
*PRICE: 127-01    @ 09:20 GMT, Jun 7
*SUP 1: 125-06+   May 30 low
*SUP 2: 124-08+01 50-dma/May 21 low
*SUP 3: 123-20    38.2% 117-13+-127-15
*SUP 4: 123-09/30 100-dma/May 3 low
10-Yr US futures cling on to the 127-00 level with suggestions of bullish
exhaustion starting to emerge. Momentum indicators continue to generate
overbought conditions with immediate downside focus on the May 30 low. A break
here could extend the short-term reversal to the 50-dma & May 21 low at
124-08/01. On the topside, bulls need to recover recent cycle highs at 127-15 to
reignite upside momentum.

To read the full story



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.