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Free Access(Z17) 125-16+ Resistance.......>
US 10YR FUTURE TECHS: (Z17) 125-16+ Resistance Confirms Significance
*RES 4: 125-29+ 100-DMA
*RES 3: 125-25+ High Oct 13
*RES 2: 125-16+ Hourly support Oct 16 now resistance
*RES 1: 125-05+ Hourly support Oct 19 now resistance
*PRICE: 125-02 @ 0430GMT
*SUP 1: 124-31 Hourly support Oct 9 & 20
*SUP 2: 124-26+ Bollinger band base
*SUP 3: 124-22+ Low Oct 6
*SUP 4: 123-23+ Daily Bear channel base
*COMMENTARY: The aggressive recovery from ahead of 125-01+ remained capped ahead
of the 125-16+ resistance and the bear channel top (125-12+). Bulls need a close
above125-16+ to ease bearish pressure and return focus to 125-25+/126-09 where
55 & 100-DMAs are situated. Bears now need a close below 124-31 to confirm focus
on 124-14/22+ where July lows are situated. Note the channel base comes in
around 123-23+.
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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.