Free Trial

(Z17) Flirting With 55-DMA.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Flirting With 55-DMA
*RES 4: 126-170 - 21-DMA 
*RES 3: 126-090 - High Sept 18 
*RES 2: 126-050 - High Sept 20 
*RES 1: 126-040 - High Sept 25, 55-DMA
*PRICE: 126-020 @ 0430GMT
*SUP 1: 125-310 - Hourly resistance Sept 25 now support
*SUP 2: 125-230 - Low Sept 25
*SUP 3: 125-170 - Low Aug 8 & Sept 20
*SUP 4: 125-040 - Low July 26
*COMMENTARY: Consolidation below the 100-DMA (125-280) appears to have ended
with a bounce that sees the contract flirting with the 55-DMA. Bulls continue to
look for a close above 126-090 to hint at a correction back to 126-270. O/S
daily studies correcting add support to the case for a bigger correction. The
125-170/230 support is now key. Bears need a close below 125-230 to ease renewed
bullish pressure and below 125-170 to shift focus lower.

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.