Free Trial

(Z18) Losing Momentum *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Losing Momentum
*RES 4: 120-20  High Aug 28
*RES 3: 119-28  200-dma
*RES 2: 119-13+ 100-dma
*RES 1: 119-00  Sep 28 high
*PRICE: 118-18  @ 10:24 GMT, Oct 31
*SUP 1: 118-07  21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20  Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-26  61.8% Retracement of 103-20+ to 135-15+
The 21-dma comes into view following this morning's European losses, shifting
focus back to the downside. A break of 118-07 re-ignites the longer-term
downtrend, opening the Oct 8 cycle low at 117-13+, below which lies the breakout
target from the triangle pattern down at 116-20. Bulls need a close back above
119 to re-establish control, before challenging the 100 & 200-dma's at
119-13+/28.

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.