Free Trial

(H9) 50-DMA Underpins *RES.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (H9) 50-DMA Underpins
*RES 4: 151-06     Jan 17 2018 high
*RES 3: 149-31     61.8% 158-09-136-16
*RES 2: 148-27     Jan 4 high
*RES 1: 147-05     Feb 19 high
*PRICE: 146-07     @ 10:27 GMT, Feb 25
*SUP 1: 142-28/22  200-dma/50% 136-16 to 148-27
*SUP 2: 142-12     100-dma
*SUP 3: 139-14/13  Dec 3 low/76.4% 136-16-148-27
*SUP 4: 136-16/12+ Oct 2 low/61.8% 111-22-177-11
30-Yr futures trade back above broken trendline support, consolidating the move
through 146-00. A close above would see bulls target the Feb 19 high at 147-05,
ahead of the Jan 4 high at 148-27. Bears need a downside break of the 50-dma
(145-17) to reignite momentum, targeting a deeper correction toward the 200-dma
& 50% retracement level at 142-28/22.

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.