Free Trial

(U9) Retracement Extends.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Retracement Extends
*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: 126-23 @ 15:27 GMT, Jun 4
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-03+/01 50-dma/May 21 low
*SUP 3: 123-20 38.2% 117-13+-127-15
*SUP 4: 123-04+/30 100-dma/May 3 low
US Tsy futures came under additional selling pressure during US hours, retracing
some of the firm gains seen over the past fortnight as bears look to close the
Monday gap at 126-23. A close below here may confirm a downside reversal. Below
126-23 would open Friday's low at 125-31+ ahead of Thursday's low at 125-06+.
Bulls remain focused on the week's high at 127-15 with a break opening the 61.8%
retracement & Sep 8, 2017 high at 127-26+/28+ on the continuation chart.

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.