Free Trial

(Z18) Bearish Directional......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bearish Directional Shift
*RES 4: 120-20 Descending trendline (off May and Aug highs)
*RES 3: 119-27+ 100-DMA
*RES 2: 119-27 Former range top (Jul/Aug)
*RES 1: 119-16 Ascending Trendline (off May and Aug lows)
*PRICE: 119-12 @ 10:18 GMT, Sep 11
*SUP 1: 119-06 Ascending trendline (off Jun and Aug lows)
*SUP 2: 119-02+ Low Aug 1
*SUP 3: 118-29+ Low Jun 13 (Continuous contract)
*SUP 4: 118-10+ Low May 17 (Continuous contract)
The break of the ascending trendline off May and Aug lows implies a tentative
shift in a bearish direction, which would be confirmed by a break of support
representing the bottom of the Jun-Sep trading range at 119-06. Even if the
contract holds the latter, the break of the former implies a much weaker uptrend
going forward for bulls. If 119-06 fails to hold, bears will eye up support at
the lows of Aug (119-02+) and Jun (118-29+, continuous contract).

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.