Free Trial

(H0) Focus Is On Key Support...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Focus Is On Key Support
*RES 4: 159-05 High Dec 5
*RES 3: 159-02 High Dec 11 and near-term bull trigger
*RES 2: 158-11 High Dec 13
*RES 1: 157-01 High Dec 27
*PRICE: 155-18 @ 10:52 GMT, Jan 2
*SUP 1: 155-05 Intraday low
*SUP 2: 155-00 Low Nov 7 and key support
*SUP 3: 154-20 1.382 projection of Dec 3 to Dec 6 decline from Dec 11 high
*SUP 4: 154-08 1.50 projection of Dec 3 to Dec 6 decline from Dec 11 high
30yr futures remain under pressure. The outlook is bearish following December's
decline, with price action maintaining a bearish sequence of lower lows and
lower highs. The move lower over December also signals a resumption of the
broader bearish phase that began in August. The focus is on 155.00, Nov 7 low
and also the next key support. A break would open 154-20, a Fibonacci
projection. Initial resistance is at 157-01.

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.