Free Trial

(U9) Retreats further from.....>

US 10YR FUTURE TECHS: (U9) Retreats further from the highs
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-15+ Upper Bollinger band (2%)
*RES 1: 128-08+ Cycle highs
*PRICE: 127-20+ @ 16:15 BST, Jun 21
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-31+/01 50-dma/May 21 low
*SUP 3: 123-24/27+ 38.2% 117-13+-127-21/100-dma
Treasury futures retreated further from the Fed-induced cycle highs printed up
at 128-08+ this week, but remain on track to register a strong close, with the
upward trend channel drawn from mid-May holding comfortably. The medium-term
trend remains pointed higher, but a close above the 128-00 mark will be needed
to add further strength to the upside argument. Resistance above there is
layered between 128-08+ and the 128-15+ upper Bollinger Band. To the downside,
near-term support kicks in at Fib support at 127-08+ and the week's lows of
127-03. A fall and close through here opens the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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.