Free Trial

(Z18) Focus Remains Lower......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Focus Remains Lower
*RES 4: 122-19 High Feb 2 (Continuation chart) 
*RES 3: 121-02 200-DMA 
*RES 2: 121-03 High May 30 
*RES 1: 120-22 Descending trendline (off May and Aug highs) 
*PRICE: 119-30+ @ 05:46 GMT 
*SUP 1: 119.28 50-DMA 
*SUP 2: 119-20+ Former range top, now support 
*SUP 3: 119-27 100-DMA (U18 contract) 
*SUP 4: 119-12 Ascending trendline (off May and Jul lows) 
Yesterday's lackluster trading keeps the focus on the downside as the 50-dma at
119.28 remains within touching distance. A break below here would likely trigger
a run at the former range top at 119-20+ and bring into play the up the
ascending trendline from the May lows. Bulls need to defend the 50-dma to return
the focus to the descending trendline from the May peak.

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.