Free Trial

(H0) Under Pressure *RES 4:....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H0) Under Pressure
*RES 4: 164-25 2.00 projection of Jan 2 - Jan 8 rally from Jan 9 low
*RES 3: 164-09 High Oct 4
*RES 2: 164-05 High Feb 3 and key resistance
*RES 1: 162-20 Intraday high
*PRICE: 161-14 @ 11:45 GMT, Feb 5
*SUP 1: 160.27 Low Jan 29 and key near-term support
*SUP 2: 159-04 50-day EMA
*SUP 3: 159-01 Low Jan 24
*SUP 4: 158-05 Low Jan 22
30yr futures have reversed direction and started unwinding part of the recent
sharp rally. Yesterday's sell-off resulted in a break of support at 162-04, Jan
31 low. This signals scope for a deeper pullback towards the Jan 29 low of
160-27. The technical condition had recently entered an overbought zone and the
pullback marks an unwinding of overbought conditions. Initial resistance is at
162-20, today's intraday high.

To read the full story

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.