Free Trial

(Z17) Remains Capped Ahead.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Remains Capped Ahead Of 55-DMA
*RES 4: 125-20+ 100-DMA 
*RES 3: 125-16+ High Oct 17 
*RES 2: 125-07+ High Nov 15, 55-DMA 
*RES 1: 125-05+ Daily Bear channel top
*PRICE: 125-03 @ 0530GMT
*SUP 1: 124-27 Low Nov 27
*SUP 2: 124-19 Lows Nov 21 & 22
*SUP 3: 124-16 Low Nov 14
*SUP 4: 124-06 Low Oct 25
*COMMENTARY: The failure ahead of the 55-DMA and marginal pop above the bear
channel top leave the contract looking a little heavy with pressure back on the
124-27 support. Overall the 124-16 support is key with bears needing a close
below to initially pressure 124-03/06 where the LT weekly TL is noted.
125-05+/125-25+ is now key resistance. Bulls need a close above the 55-DMA to
gain breathing room and above 125-25+ to shift immediate focus to 126-04+/09.

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.