Free Trial

(Z17) Layers of Resistance.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Layers of Resistance 125-070/25+
*RES 4: 125-20+ 100-DMA 
*RES 3: 125-11+ 55-DMA 
*RES 2: 125-07  High Nov 15 
*RES 1: 125-04  High Nov 22 & 23
*PRICE: 124-31+ @ 1030GMT
*SUP 1: 124-30  21-DMA
*SUP 2: 124-27  Hourly support Nov 22
*SUP 3: 124-19  Lows Nov 21 & 22
*SUP 4: 124-16  Low Nov 14
*COMMENTARY: Despite pressure returning to 124-16 bulls took comfort in support
emerging ahead providing the catalyst for a bounce back towards 125-07/125-25+
where the bear channel top, 55 & 100-DMAs are located. Overall bulls need a
close above 125-07 to gain breathing room and above 125-25+ to confirm breaks of
key DMAs, ending bearish hopes and shifting immediate focus to 126-04+/09. Below
124-16 initially pressures 124-02/06.

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.