Free Trial

(H0) Still In Corrective Mode...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H0) Still In Corrective Mode
*RES 4: 119-166 High Jan 8
*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: 119-012 50.0% retracement of the Jan 8 - Jan 9 decline
*PRICE: 118-286 @ 11:08 GMT, Jan 17
*SUP 1: 118-216 Low Jan 14
*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 found resistance off the day high yesterday and trade quieter for
now. Whether recent gains are part of a stronger bull run is too early to tell.
The sharp sell-off from Jan 8 still weighs on sentiment and for now gains are
considered corrective. Further upside would open 119-012 and 119-05, the 50% and
61.8% levels 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.