Free Trial

(Z18) 119 Cracks *RES 4:.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 119 Cracks
*RES 4: 120-20 High Aug 28
*RES 3: 120-00+ 200-dma
*RES 2: 119-30 23.6% 128-03+ - 117-13+
*RES 1: 119-16 100-dma
*PRICE: 118-31 @ 16:39 GMT, Oct 26
*SUP 1: 118-07+ 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-46 61.8% Retracement of 103-20+ to 135-29
10y futures overcame the 119-00 handle for the first time since mid-September
Friday, setting up prices for a further recovery toward the 100-dma at 119-16. A
close above here would strengthen the bullish case and set up markets for a test
of the key Fibo resistance at 119-30 before the 200-dma at 120-00+. Bears need
to close below the 21-dma at 118-07 to shift the outlook bearish again and open
the Oct 8 low at 117-13+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.