Free Trial

(M0) Approaching Key Support...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Approaching Key Support
*RES 4: 185-29 76.4% retracement of the Mar 9 - 18 decline
*RES 3: 184-07 High Mar 12
*RES 2: 183-02 High Apr 22 and the bull trigger
*RES 1: 180-08 High May 6
*PRICE: 178-29 @ 11:58 BST, May 7
*SUP 1: 178-01 Low May 6
*SUP 2: 177-14 Low Apr 13 and 14 and key near-term support
*SUP 3: 176-28/20 50-day EMA / Low Mar 24
*SUP 4: 174-28 Low Mar 23
30yr futures continued to pull back yesterday. From a trend perspective the
outlook remains bullish and the move lower is considered a correction however,
attention has turned to support. The key level lies at 177-14, Apr 13 low. A
break would undermine a bullish theme and suggest scope for deeper pullback.
Note too that the 50-day EMA lies at 176-28 and also highlights a key support
area. Initial resistance is at 180-08, yesterday's high.

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.