Free Trial

(Z17) Bulls Need Close Above...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Bulls Need Close Above 125-230
*RES 4: 126-090 - High Sept 18 
*RES 3: 126-050 - High Sept 20 
*RES 2: 126-040 - High Sept 25, 55-DMA 
*RES 1: 125-230 - Low Sept 25 now resistance
*PRICE: 125-140 @ 0130GMT
*SUP 1: 125-080 - Hourly support Oct 3
*SUP 2: 125-010 - Low Oct 3
*SUP 3: 124-280 - Low July 12
*SUP 4: 124-240 - Bollinger band base
*COMMENTARY: The lack of downside follow through remains a concern for bears
given daily studies correcting from O/S & recent momentum divergence, seeing the
contract correcting back towards 125-230. Bulls now need a close above 125-230
to hint at a move back to 126-040/090. Initial support is now noted at 125-080
with bears needing a close below to gain breathing room and end correction talk.
Below 124-280 would add weight to the bearish case for a test of July lows.

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.