Free Trial

(H18) Decline Heads Toward 10...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Decline Heads Toward 10 Week Bear Channel Base
*RES 4: 116-190 Dec 13 high
*RES 3: 116-147 Hourly recovery high Dec 14
*RES 2: 116-117 Dec 18 high
*RES 1: 116-067/087 Hourly resistance
*PRICE: 116-027 @1155GMT
*SUP 1: 115-320 Dec 19 low
*SUP 2: 115-307 10 week bear channel base projection
*SUP 3: 115-132 3 month bear channel base projection
*SUP 4: 115-045 1% volatility band
*COMMENTARY* Fresh downside pressure this week following the inability to
traverse the 50% Fibo retrace level at 116-192 last Wednesday. Have finally seen
116-032 support buckle, the subsequent decline moving ever closer to the 10 week
bear channel base projection at 115-307. Meanwhile, some near term oversold
conditions can prompt a bounce, 116-067/116-087 providing resistance. Above and
congested 116-117/116-147 lies ahead of any attempt at a real recovery. 

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.