Free Trial

(H0) Running Up Against........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Running Up Against Resistance
*RES 4: 167-21 76.4% 2016 - 2018 decline
*RES 3: 167-18 High Aug 28 2019
*RES 2: 165-07 High Oct 7 / 8 2019 and key resistance
*RES 1: 165-02 High Feb 21
*PRICE: 164-27 @ 11:22 GMT, Feb 21
*SUP 1: 161-15 Low Feb 12
*SUP 2: 160-15 Low Feb 6
*SUP 3: 159-27 50-day EMA
*SUP 4: 159-01 Low Jan 24
30-yr futures moved from strength to strength Friday, taking out Fib resistance
to rise to new multi-month highs. Going forward, however, it's likely progress
will slow ahead of key resistance at 165-07. Any progress through here will firm
the outlook and the medium-term target shifts upwards to 167-18/21. For bears to
recapture any momentum, focus is on the potential for a move towards 159-27, an
area of support highlighted by the 50-day EMA.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.