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Free Access(Z17) Continues Lower After....>
US 10YR FUTURE TECHS: (Z17) Continues Lower After Failure Below 126-055
*RES 4: 126-105 Broken 6 month support line
*RES 3: 126-045 Sep 25 high
*RES 2: 125-300 Sep 22 high
*RES 1: 125-170/180 Sep 20, 21 lows, now resistance
*PRICE: 125-065 @0936GMT
*SUP 1: 125-020 Intraday low
*SUP 2: 124-255 Jul 6, Jul 7 lows
*SUP 3: 124-170 61.8% Fibo of 122-145/127-285, 1% vol band
*SUP 4: 124-065 Mar 29 low
*COMMENTARY* Downside pressure resumes following the reluctance to take on
126-055 resistance this week. The subsequent move below 125-155 is now
threatening to break below the 50% Fibo retrace level at 125-055. A sustained
loss here and not much to prevent a deeper 124-255 fall. As a result, resistance
comes initially from 125-170/125-300 but that 126-045/126-105 region remains
more important.
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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.