Free Trial

(Z18) Failed Bounce *RES 4:....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Failed Bounce
*RES 4: 120-18  Descending trendline (off May and Aug highs)
*RES 3: 119-22/27 100-dma/Former range top (Jul/Aug)
*RES 2: 119-18  50% 120-24-118-11
*RES 1: 119-02  Aug 1 low, now resistance
*PRICE: 118-27+ @ 09:24 GMT, Sep 27
*SUP 1: 117-29+ April 2011 low (Continuous contract)
*SUP 2: 117-22  February 2011 low (Continuous contract)
*SUP 3: 117-05+ 76.4% Retracement of 111-12+ to 135-29
*SUP 4: 115-46  61.8% Retracement of 103-20+ to 135-29
10-Yr futures built on renewed momentum post-Fed, the more positive tone spilled
over into Europe taking out resistance from the Sep 19 high. Gains extended to
118-31+ but failed to gain traction, suggesting the recent downtrend remains
intact. Bears focus on a break of 118-10, before challenging next support at
117-29+ from the April 2011 low (Cont contract). Bulls need to reclaim the
100-DMA at 119-22, before challenging descending trendline resistance at 120-18.

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.