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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.
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Free AccessUS 10-YEAR YIELD TECHS: Triangle Top....>
US TSYS/10Y: US 10-YEAR YIELD TECHS: Triangle Top Holding For Now
*RES 4: 3.1261 High May 18
*RES 3: 3.0315 High April 26
*RES 2: 3.0139 High Aug 1
*RES 1: 2.9500 Triangle top from May high
*PRICE: 2.9351 @ 05:46 GMT
*SUP 1: 2.8408 61.8% 2.8063-2.8967
*SUP 2: 2.8053 Jul 6 Low
*SUP 3: 2.7974 200-DMA
*SUP 4: 2.7576/94 May29/30 Low
The triangle top at 2.95% is acting as stiff resistance as bulls look to
overcome this level and resume the broader uptrend. This would bring the Aug 1
and May 18 highs into focus. Bears need to defend the 2.95% level to keep the
July 6 low of 2.8053 in play, but momentum appears to be against them for now.
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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.