Free Trial

(Z18) Resistance Holds Firm....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Resistance Holds Firm
*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: 118-27+ Aug 1 low, now resistance 
*PRICE: 118-21+ @ 06:55GMT, Oct 1 
*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 managed to hold below short-term resistance on Friday at 119-00
which keeps the bigger picture bearish trend intact. Bears focus on a break of
118-10, before challenging next support at 117-29+ from the April 2011 low
(Continuous contract). Bulls need to overcome 119-00 to shift the short-term
outlook neutral, opening the 50% retracement level at 119-18.

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.