Free Trial

(H0) Further Gains Likely.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Further Gains Likely
*RES 4: 120-132 1.382 projection of Dec 24 - Jan 8 rally from Jan 9 low
*RES 3: 120-07 1.236 projection of Dec 24 - Jan 8 rally from Jan 9 low
*RES 2: 120-00 Round number resistance
*RES 1: 119-31 High Jan 28
*PRICE: 119-23 @ 11:26 GMT, Jan 29
*SUP 1: 119-176 Intraday low
*SUP 2: 119-036 Low Jan 24
*SUP 3: 119-002 Low Jan 22
*SUP 4: 118-236 Low Jan 17
5yr futures maintain a firmer tone for now despite yesterday's sharp pullback
off the day hgh. Further gains are seen likely near-term with the technical
condition still bullish. This was reinforced following Monday's break of former
resistance at 119-166, Jan 8 high and 119-192, the Oct 31 high. Attention is on
120-00 next and a Fibonacci projection at 120-07. On the downside, initial
support lies at 119-176.

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.