Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z18) 21-DMA Turns Support.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 21-DMA Turns Support
*RES 3: 119-16+ 100-dma/38.2% retracement from 2000 lows to 2012 highs
*RES 2: 119-04+ 50-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 118-20 @ 16:41 GMT, Oct 24
*SUP 1: 118-07 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Having broken through resistance and closing above the 21-dma yesterday, US
10-year futures made light work of progressing through Tuesday's highs, prepping
markets for an attempt on the Sep28 high at 119-00 and the 50-dma above at
119-04+. This cements the positivity of the near-term outlook and bulls switch
their longer-term focus to Fibo resistance at 119-15/16+. Above here would mark
a significant improvement in the longer-term outlook. Bears need to break back
below the 21-dma at 118-07 to resume the downtrend and target 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

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.