Free Trial

(Z9) Mini-rally falters *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Mini-rally falters
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 132-08 2% Upper Bollinger Band
*RES 1: 132-07+ 2.0% 10-dma envelope
*PRICE: 130-04 @ 11:24 BST, Sep 26
*SUP 1: 128-16 Low Sep 13
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-09 76.4% Early July - late August
The mini-rally evident since mid-September faltered Wednesday, as a decent
session for US equity markets sapped strength out of Treasury futures. This
dents momentum measures somewhat, but the uptrend could easily resume if bulls
take out 130-25. Bullish targets over the medium term remain on the 2.0% 10-dma
envelope at 132-07+ and, ultimately, the late July 2016 highs at 133-04+. For
bears, the 50-dma at 129-23 remains the bear trigger, which would open a further
leg lower, initially targeting the Sep13 low at 128-16.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.