Free Trial

(Z9) Carries last week's.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Carries last week's neutral theme
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 132-09 August High
*RES 1: 132-08+ 2% Upper Bollinger Band
*PRICE: 131-28 @ 11:12 BST, Sep 3
*SUP 1: 129-12 Low Aug 8
*SUP 2: 129-11 50-dma
*SUP 3: 128-14+ Low Aug 2
Bullish momentum clearly faded into the close last week, pressing prices
comfortably toward the bottom end of the recent range. Markets have carried this
outlook through to the new week, with a break above the August highs at 132-09
needed to trigger any further bullish momentum. To the downside, a break below
130-16 here would be needed to shift the outlook resolutely more bearish, which
would open early August lows at 129-12 and the 50-/100-dmas. Over the
medium-term, however, bulls remain on the front foot with the 2016 highs at
134-07+ still a realistic prospect.

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.