Free Trial

(Z17) Bears Dominate While.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Bears Dominate While 55-DMA Caps
*RES 4: 125-20+ 100-DMA 
*RES 3: 125-16+ Hourly support Oct 16 now resistance, 55-DMA 
*RES 2: 125-14 Bollinger band top 
*RES 1: 125-07 High Nov 15
*PRICE: 124-29 @ 2030GMT
*SUP 1: 124-24+ Repeated Daily lows
*SUP 2: 124-16 Low Nov 14
*SUP 3: 124-06 Low Oct 25
*SUP 4: 124-02 Rising Weekly TL
*COMMENTARY: The recovery from last week's low failed to trouble the key
125-16+/25+ region where key DMAs are situated. Bulls continue to look for a
close above 125-25+ to confirm breaks of key DMAs, ending bearish hopes and
shifting immediate focus to 126-04+/09. Pressure remains on the 124-24 support
with bears needing a close below to add weight to their case for a test of
124-02/06 where the rising weekly TL is noted.

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.