Free Trial

US 10-YEAR YIELD TECHS: Reversal............>

US TSYS
US TSYS: US 10-YEAR YIELD TECHS: Reversal Potential 
*RES 4: 3.050 - Low May 22 
*RES 3: 3.014 - High August 1
*RES 2: 3.000 - Resistance
*RES 1: 2.966 - Hourly Low August 3
*PRICE: 2.953 @ 0645GMT 
*SUP 1: 2.930 - Low July 31 
*SUP 2: 2.926 - Low July 25 
*SUP 3: 2.914 - 55-DMA 
*SUP 4: 2.913 - 21-DMA 
Thursday's failure to surmount the 3.0% level was following by a large selloff
on Friday which looks increasingly like a bearish reversal pattern. Bears need a
close below the July 31 low to confirm this and set their sight on the 55-DMA
and 21-DMA. Bulls need to recover 2.966% in the first instance if they are to
regain the upper hand and mount another test of 3.0%. 

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.