Free Trial

(H18) Challenging Key..........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Challenging Key 151-17/151-07 Support Area
*RES 4: 153-22/26 Congestion area Dec 13-Dec 15
*RES 3: 153-15 Dec 19 high
*RES 2: 153-02 Dec 18 low, now resistance
*RES 1: 152-05 Dec 12 low, now resistance
*PRICE: 151-13 @1230GMT
*SUP 1: 151-11/17 76.4% Fibo, 1% vol band, 2017 Bull Channel
*SUP 2: 151-07 Oct 6 low
*SUP 3: 150-10 Oct 27 low
*SUP 4: 149-31 1% volatility band
*COMMENTARY* Failure to trouble 154-23/154-26 resistance this month has finally
proved the catalyst for a sharp decline. This losing support from 153-22 on
Tuesday has seen the Dec 12 low at 152-05 give way. Now challenging important
support from between 151-17/151-07, where a confluence of key levels conspire to
reside today. Lose here and not much to prevent a deeper 150-10/149-31 fall.
Meanwhile, back above 152-05 would likely provide some 153-02/153-26 respite.

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.