Free Trial

(H0) Edges Lower *RES 4:........>

US 5YR FUTURE TECHS: (H0) Edges Lower
*RES 4: 119-13 High Dec 4
*RES 3: 119-03+ High Dec 5
*RES 2: 118-30+ Dec 12 high and key resistance
*RES 1: 118-24+ Low Dec 6
*PRICE: 118-07+ 11:14 GMT, Dec 19
*SUP 1: 118-03+ Low Dec 13
*SUP 2: 118-006 1.00 projection of Nov 1 - Nov 7 decline from Dec 3 high
*SUP 3: 118-000 Round number support
*SUP 4: 117-216 1.236 projection of Nov 1 - Nov 7 decline from Dec 3 high
5yr futures continue to retrace into the Dec 13 range that was marked by a sharp
rally. The bounce on Dec 13 has been viewed as a correction and this week's
pullback is encouraging from a bearish perspective. Last weeks move below key
support at 118-05, Nov 7 low reinforced a bearish tone and paves the way for
118-006, a Fibonacci projection level and 118-00. On the upside, resistance is
at 118-30+, Dec 12 high where a break is required to signal a reversal.

To read the full story



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.