Free Trial

(Z18) New Lows Hit *RES 4:.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) New Lows Hit
*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: 117-24 @ 06:48 GMT, Oct 4 
*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: 114-26+61.8% April 9, 2011
The Sep 25 lows were taken out with ease yesterday and the downtrend has
extended further today as the bear channel bottom at 116-30 comes into play.
Below here opens the breakout target from the triangle pattern seen over the
May-Aug period. Bulls need to overcome the Sep 25 low, now acting as support at
118-11. A break above here would open the Aug 1 low at 119-02. 

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.