Free Trial

(Z18) Ascending Trendlines.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Ascending Trendlines In Focus
*RES 4: 120-24 High Aug 22
*RES 3: 120-20 Descending trendline (off May and Aug highs)
*RES 2: 119-27 Former range top (Jul/Aug)
*RES 1: 119-25 100-DMA
*PRICE: 119-21 @ 15:31 GMT, Sep 10
*SUP 1: 119-16 Ascending Trendline (off May and Aug lows)
*SUP 2: 119-06 Ascending trendline (off Jun and Aug lows)
*SUP 3: 119-02 Low Aug 1
*SUP 4: 118-29+ Low Jun 13 (Continuous contract)
Friday's sharp drop, combined with Monday's test and failure to break back above
support-turned-resistance at 100-DMA at 119-25, has the 10-Yr contract facing a
test of trendline support at 119-16 (off May and Aug lows) in the coming
sessions, a break through which would set up a move to next support at the
bottom of the Jun-Sep trading range at 119-06. In the event both fail to hold,
bears will eye up support at the lows of Aug (119-02) and Jun (118-29+).

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.