Free Trial

(H19): Downtrend Still In.......>

US 5YR FUTURE TECHS: (H19): Downtrend Still In Place
*RES 4: 115-212 Feb 6 high
*RES 3: 115-14 50% 119-01-111-26
*RES 2: 115-122 Jan 3 high
*RES 1: 114-23+ Jan 14 high
*PRICE: 114-107 @ 11:11 GMT, Jan 30
*SUP 1: 113-2525/20 50-dma/50% 111-277-115-122
*SUP 2: 113-08+/027 200-dma/100-dma
*SUP 3: 111-26+ Oct 8 ten-year low
*SUP 4: 111-07+ Oct 14 2008 low
The downtrend since the beginning of 2019 remains firmly in place, and near-term
momentum indicators have yet to develop any positive signals, suggesting
pressure on 114.00 is set to remain for the time being. A move below 114.00
would suggest a further pullback into the 113-272 area, which currently
coincides with the 50-dma, before the uptrend is resumed. Gains above 114-23+
are needed to confirm the correction is complete and the uptrend can resume.

To read the full story



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.