Free Trial

(Z9) Looking For A Break.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Looking For A Break Lower
*RES 4: 132-13 Contract high, Sep 3
*RES 3: 132-01 High Sep 5
*RES 2: 131-24 High Oct 4
*RES 1: 130-19/20+ High Oct 14 / 50-dma
*PRICE: 129-25 @ 10:28 GMT, Oct 25
*SUP 1: 129-15/14+ Support line from Jul 16 and 100-dma
*SUP 2: 129-03+ Low Sep 19
*SUP 3: 128-24 Low Sep 16
*SUP 4: 128-16 Low Sep 13 and primary support
A quiet session yesterday and so far today, leaves 10yr futures unchanged and
continuing to trade sideways. Further pressure on the 100-dma at 129-14+ is
still seen likely near-term while resistance at 130-19, Oct 14 high and the
50-dma at 130-20+ remains intact. The contract is trading just ahead of a
support line drawn off July 16 low that intersects at 129-15. A break would
reinforce the bearish theme. Clearance of 130-19/20+ would alter the picture.

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.