Free Trial

(Z18) Stuck In Neutral *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Stuck In Neutral
*RES 4: 122-19 High Feb 2 (Continuation chart) 
*RES 3: 121-02+ 200-dma (Continuation chart) 
*RES 2: 121-12+ High May 30 (Continuation chart) 
*RES 1: 120-200 High Aug 22 
*PRICE: 120-070 @ 06:03 GMT 
*SUP 1: 119-20+ Former range top, now support
*SUP 2: 119-17+ 100-DMA 
*SUP 3: 119-06+ Hourly low Aug 8  
*SUP 4: 118-27+ Low Aug 1 
10-year futures remain directionless in the near term with bulls looking to
overcome the 120-200 Aug 22 highs to shift the outlook positive and target the
May 30 peak. Bears continue to target the 119-20+ former range top and a break
below here opens the 100-dma at 119-17+, ahead of the August lows at 119-27+.

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.