Free Trial

(H0) Gains Likely A.............>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Gains Likely A Correction
*RES 4: 119-166 Jan 8 high and key resistance
*RES 3: 119-09+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 2: 119-05 61.8% retracement of the Jan 8 - Jan 9 decline
*RES 1: 119-026 Intraday high
*PRICE: 118-31+ @ 10:36 GMT, Jan 21
*SUP 1: 118-236 Low Jan 17
*SUP 2: 118-176 Low Jan 9 and key near-term support
*SUP 3: 118-13 Low Dec 30
*SUP 4: 118-056 Low Dec 24
5yr futures have been firmer today but have found resistance at the day high.
Whether recent gains are part of a stronger recovery is too early to tell. The
Jan 8 sell-off weighs on sentiment technically speaking, and for now recent
gains are considered corrective. Further upside would open 119-012 and 119-05,
50% and 61.8% of the Jan 8 - Jan 9 decline. A break of 119-05 is needed to
signal a stronger bullish outlook and open 119-166. Key support is at 118-176.

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.