Free Trial

(Z18) Bears Still In Control...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bears Still In Control
*RES 4: 120-18 Descending trendline (off May and Aug highs) 
*RES 3: 119-15+ 100-dma 
*RES 2: 119-02 Aug 1 low, now resistance 
*RES 1: 118-16 Low Oct 1, now resistance  
*PRICE: 117-19+ @ 06:16 GMT, Oct 9 
*SUP 1: 116-30 Bear channel bottom (continuation chart) 
*SUP 2: 116-20 Breakout target from triangle pattern (continuation chart) 
*SUP 3: 115-46 61.8% Retracement of 103-20+ to 135-29 
*SUP 4: 114-82 Nov 1 2016 high, now support 
US 10-year futures have failed to hit new lows today with a break below
yesterday's low of 117-13+ needed to extend the downtrend. Such a move looks
likely based on the trend which would open up a move to the bear channel bottom
at 116-30 on the continuation chart. Bulls need to overcome the Oct 1 low now
acting as resistance at 118-16. A break above here would open the Aug 1 low at
119-02, ahead of the 100-dma at 119-15+.

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.