Free Trial

(Z9) Challenging Key Support...>

US 10YR FUTURE TECHS: (Z9) Challenging Key Support (Correct tag)
*RES 4: 132-13 Contract high, Sep 3
*RES 3: 132-07+ High Sep 5
*RES 2: 131-24 High Oct 10
*RES 1: 130-16+ 50-dma
*PRICE: 129-22+ @ 11:01 GMT, Oct 17
*SUP 1: 129-16+ Intraday low
*SUP 2: 129-12 Low Sep 20
*SUP 3: 129-01 100-dma
*SUP 4: 128-16 Low Sep 13
10yr futures are still holding below the 50-dma and have been challenging key
support from the Oct 1 low at 129-20 in the European morning session following
the Brexit headlines. Ultimately, the 100-dma at 129-01 is at risk. This negates
the decent bullish signal last week on the rise through 131-15+. Bulls now need
to break 132-13 to confirm a resumption of the primary uptrend and open
Fibonacci projections at 132-22 and 132-30+.

To read the full story



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.