Free Trial

(Z18) 21-DMA Capping Gains.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 21-DMA Capping Gains
*RES 4: 120-20  Aug 28 high
*RES 3: 119-23  200-dma
*RES 2: 119-10  100-dma
*RES 1: 119-00  Sep 28 high
*PRICE: 118-10+ @ 10:22 GMT, Nov 12
*SUP 1: 117-13+ Oct 8 low
*SUP 2: 116-20  Breakout target from triangle pattern (continuation chart)
*SUP 3: 115-26  61.8% Retracement of 103-20+ to 135-15+
*SUP 4: 114-21  Aug 7 2007 low
Recovery efforts in 10-year futures have so far failed to breach the 21-dma &
short-term 50% fibo levels at at 118-10/14+, which keeps the broader bearish
trend intact. Bears look to take out the Oct 8 low at 117-13+ to extend the
downtrend, below here opens the breakout target from the triangle pattern at
116-20. Bulls need to close above the 21-dma to open the Sep 28 high 119-00,
ahead of the 100 & 200-dma's at 119.10/23.

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.