Free Trial

(H0) Downside Likely To........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Downside Likely To Extend
*RES 4: 160-22 High Nov 1
*RES 3: 160-13 High Dec 3 and primary resistance
*RES 2: 159-19 High Jan 8
*RES 1: 157-21 50-day EMA
*PRICE: 156-31 @ 11:37 GMT, Jan 10
*SUP 1: 155-29 Low Jan 9
*SUP 2: 155-05 Low Dec 2
*SUP 3: 155-00 Low Nov 7 and key support
*SUP 4: 154-19 1.00 projection of Oct 31 - Nov 7 decline from Dec 3 high
30yr futures are likely to remain on the defensive following the sharp sell-off
Wednesday off the day high of 159-19. This move places on hold the recent
bullish focus. Price failed to remain and close above resistance at 158-25, Jan
6 high and the 50-day EMA, an indicator used as a reliable trend direction
signal. A continued mover lower would open 155-05, Jan 2 low where a break would
expose 155-00, Nov 7 low and the key support. Resistance is 157-25.

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.