Free Trial

(H18) Key 116-145 Support.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H18) Key 116-145 Support Gives Way
*RES 4: 116-282 Nov 28 high
*RES 3: 116-245/252 3 month falling res line, Nov 29 high
*RES 2: 116-227 Dec 1 high
*RES 1: 116-185 Hourly resistance
*PRICE: 116-100 @1150GMT
*SUP 1: 116-065 Dec 1 low
*SUP 2: 116-047 8 week bear channel base projection
*SUP 3: 115-247 3 month bear channel base projection
*SUP 4: 115-135 1% volatility band
*COMMENTARY* The decline continued last week , losing support from the Nov 21
low at 116-145 in the process. A low of 116-065 before bouncing. A sustained
loss of 116-145 will swing the overall bias back to the downside and focus on
two bear channel base projections between 116-047 and 115-247. Resistance
meanwhile from 116-185/116-227 and then more importantly 116-245/116-252.
Require back through here before things can improve. 

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.