Free Trial

YIELD TECHS: Double Top Still...........>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Double Top Still Requires Break Below Sep 28 Low
*RES 4: 3.3956 Apr 5 2011 low, now resistance 
*RES 3: 3.3010 Channel top from Dec 2016 high 
*RES 2: 3.2594 Oct 9 High 
*RES 1: 3.1220 50-dma 
*PRICE: 3.0500 @ 06:30 GMT, Nov 27 
*SUP 1: 3.0240 Sep 28 low 
*SUP 2: 3.0046/90 Up trendline support from Sep 2017 lows/100-dma 
*SUP 3: 2.9535 200-dma 
*SUP 4: 2.8660 Up trendline support from April lows 
Bears still need to see a break back below the Sep 28 lows at 3.0240 to trigger
the double top formation which would target a move down to 2.85. Ahead of here
lies the 100-dma at 3.0090. Bulls need to break back above the 50-dma at 3.1220
to return the focus to the upside and target the cycle highs at 3.2594 seen on
Oct 9.

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });