Free Trial

(H18) Correcting After.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H18) Correcting After 149-03 Support Hold Last Week
*RES 4: 152-21 Jan 5 high
*RES 3: 151-26 5 week falling resistance line
*RES 2: 151-12/19 Jan 2, Jan 4 lows, now resistance
*RES 1: 151-03/08 Hourly resistance
*PRICE: 150-29 @1121GMT
*SUP 1: 149-17 Jan 11, Jan 12 lows
*SUP 2: 149-03 Jan 10 low
*SUP 3: 148-24 76.4% Fibo of 145-26/158-09
*SUP 4: 148-04/07 2% vol band, 5 week bear channel proj'n 
*COMMENTARY* Managed to hold on to 149-03 support last week and some near term
oversold conditions have allowed a bounce. In this respect, look to
151-03/151-08 for immediate resistance, as we continue to correct losses
initially from the Dec 27 high at 153-04. As a consequence, support rises to
149-17 and this currently protects the downside from another grilling. Above
151-08 and recovery can stretch to 151-12/151-26 next. 

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.