Free Trial

(Z18) Builds On Constructive...>

US 10YR FUTURE TECHS: (Z18) Builds On Constructive Wednesday Close
*RES 4: 120-18 Descending trendline (off May and Aug highs)
*RES 3: 119-15+ 100-dma
*RES 2: 119-00 Sep 28 high
*RES 1: 118-16 Low Oct 1, down trendline resistance
*PRICE: 118-06 @ 15:27 GMT, Oct 11
*SUP 1: 116-30 Bear channel bottom (continuation chart)
*SUP 2: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 3: 114-82 Nov 1 2016 high, now support
Prices largely held yesterday's bullish close, underpinning a print up at 118-12
in Asia-Pacific trading hours, which flips the short-term outlook largely
neutral after the strong sell-off mid-last week. Down trendline resistance from
the mid-August high is coming into focus following the Wednesday equity rout. A
break above the trendline would suggest a retest of the Sep 28 highs at 119-00.
A close above would shift the outlook outright bullish. Bears need take out
Monday's low of 117-13+ to extend the broader downtrend.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



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.