Free Trial

(Z9) Consolidating For Now.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Consolidating For Now
*RES 4: 132-13 High Sep 3
*RES 3: 131-15+ 76.4% retracement Sep 3 - Sep 13
*RES 2: 130-29+ 61.8% retracement Sep 3 - Sep 13
*RES 1: 130-25 High Sep 24
*PRICE: 130-08 @ 15:10 GMT, Sep 30
*SUP 1: 129-28+ Low Sep 25
*SUP 2: 129-12 Low Sep 20
*SUP 3: 129-03+ Low Sep 19
*SUP 4: 128-16 Low Sep 13 and key support
Gains from mid-September faltered last week ahead of 61.8% of Sep 3 - Sep 13
decline at 130.29+. The future has consolidated since. While this has dented
bullish momentum measures somewhat, the uptrend could easily resume if bulls can
force a break of 130-25, Sep 24 high. This would expose the 61.8% level and open
the 131-15+, 76.4% retracement. On the downside, watch support at 129.28+, a
break would likely result in stronger selling pressure.

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.