Free Trial

(Z9) ECB bounce shortlived.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) ECB bounce shortlived
*RES 3: 133-19 2.0% 10-dma envelope
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 132-24+ 3% Upper Bollinger Band
*PRICE: 129-29+ @ 14:52 BST, Sep 12
*SUP 1: 129-12 Low Aug 8
*SUP 2: 129-08+ 50-dma
*SUP 3: 128-14+ Low Aug 2
Despite an ECB-induced hiccup, 10yr futures continue to pull lower, holding the
recent modest downtrend. New pullback lows now sit at 129-18. The outlook
remains relatively neutral, with a close below 129-26 needed to shift the trend
negative - which bears may achieve Thursday. Any fall through here opens key
support at the 129-12 and if this fails to hold, the outlook should be cemented
bearish. The proximity to the Fed decision in just a few weeks' time makes a
reversal in either direction unlikely for now.

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.