BROKERSEDGE

PROPRIETARY NEWSLETTER

June ten year note futures / options news – BrokersEDGE – DAW Trading 4-24-18

10-year (June)

Yesterday’s close: Settled at 119’105, down 0’07

Fundamentals: The 10-year Treasury yield traded to 2.998% yesterday and has been all the news to start the week. Still, the 3% benchmark is elusive as the yield has backed off into this morning and supply hits the market with a 2-year auction at noon CT. More technically speaking, price action is trading right into what we have called generational support at 119’00-119’14. The economic calendar brings Case Shiller House Price Index at 8:00 am CT and Consumer Confidence and New Home Sales at 9:00 am CT. The 5-year will be auctioned tomorrow and the 7-year on Thursday.

Technicals: With price action under heavy pressure yesterday, our generational and rare major four-star support held. We have pounded the table on patience when looking to buy this market and now view value in this area as the week unfolds. Traders want to be cautious and must manage risk upon a close above 3% or below 119’00.

Bias: Neutral/Bullish

Resistance: 119’285-120’01**, 120’09**, 120’15-120’17**, 120’24-120’28***

Support: 119’00-119’14****

For more information please contact DAW Trading at brokersedge@dawtradingdiv.com or at 877-329-0006 and visit us at https://dawtradingdiv.com/brokers-edge/

 

 

Disclaimer:

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. DAW Trading (“DAW”) uses various outside sources for research material regarding futures and options on futures trading therefore the views and opinions expressed in this letter may not necessarily reflect the view of DAW or its staff. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to DAW.

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