Free Trial

(H1) Bears Return

US 30YR FUTURE TECHS
  • RES 4: 176-09 High Nov 6
  • RES 3: 175-21 High Nov 20 and the bull trigger
  • RES 2: 175-10 High Nov 30
  • RES 1: 173-19 Low Nov 25
  • PRICE: 172-29 @ 12:11 GMT Dec 2
  • SUP 1: 172-16 Low Dec 1
  • SUP 2: 171-28 76.4% retracement of the Nov 11 - 20 rally
  • SUP 3: 170-22 Low Nov 11 and key support
  • SUP 4: 170-00 Round number support
30yr futures traded sharply lower yesterday highlighting a reversal of the recent recovery between Nov 11 - 20. Further weakness would reinforce a developing bearish threat and signal scope for a move towards 171-28, a Fibonacci retracement ahead of 170-22, the Nov 11 low and key support. On the upside, key resistance has been defined at 175-21, Nov 20 high. A break of this hurdle is required to reinstate a bullish focus.

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.