Free Trial

(M0) Correcting *RES 4:........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Correcting
*RES 4: 193-50 Extension of impulse
*RES 3: 192-00 Round number resistance
*RES 2: 191-22 High Mar 9 and bull trigger
*RES 1: 186-13 High Mar 10
*PRICE: 179-30 @ 10:51 GMT, Mar 10
*SUP 1: 173-24 Low Mar 6
*SUP 2: 170-18 Low Nar 5 and key near-term support
*SUP 3: 169-17 20-day EMA
*SUP 4: 169-00 Low Mar 3
30yr futures are sharply lower having staged an impressive pullback off
yesterday's high of 191-22. The strong uptrend has been in overbought territory
for some time and perhaps now we can consider the start of a much needed
technical correction. A move below the 180-00 handle would open 173-24, Mar 6
low and if there is a deeper sell-off, the 20-day EMA at 169-17. Initial
resistance is at 186-13, the bull trigger is 191-22.

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.