Free Trial

(H18) 142-14/142-11 Support....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) 142-14/142-11 Support Holding Up So Far
*RES 4: 147-23 Feb 6 high
*RES 3: 146-12/17 Feb 7 high, 38.2% Fibo of 153-04/142-14
*RES 2: 145-09 Feb 14 high
*RES 1: 144-27 Feb 16, Feb 26 highs
*PRICE: 143-31 @1033GMT
*SUP 1: 143-00 Hourly support
*SUP 2: 142-11/14 Dec 22 2014 low, 1% vol band, Feb 21 low
*SUP 3: 140-26 Dec 1 2014 low
*SUP 4: 139-13 76.4% Fibo of 127-73/177-09
*COMMENTARY* Downside broke below 143-04 support last Thursday as we looked to
extend losses below long term support from 144-03/143-25. Next supports of note
come from the December 2014 lows between 142-11 and 140-26. Meanwhile,
resistance from 144-27 now stands in the way of a near term recovery. Back
through here will assist and likely allow a better 146-12/146-17 rise, where
next questions are asked.

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.