Free Trial

(Z18) Bulls To Retest Down.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bulls To Retest Down Trendline Resistance
*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: 118-10 @ 06:32 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: 115-46 61.8% Retracement of 103-20+ to 135-29
*SUP 4: 114-82 Nov 1 2016 high, now support
Down trendline resistance from the mid-August high is coming into focus
following the Wednesday equity rout. A break above here 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.

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.