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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.
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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
(M0) Still In A Range *RES.....>
US 30YR FUTURE TECHS: (M0) Still In A Range
*RES 4: 189-24 Contract high, Mar 9
*RES 3: 184-01 76.4% retracement of the Mar 9 - 19 decline
*RES 2: 181-15 High Apr 21 and the bull trigger
*RES 1: 179-18 High May 22
*PRICE: 177-29 @ 12:08 BST, May 29
*SUP 1: 176-10 Low May 19
*SUP 2: 175-01 Low Mar 23
*SUP 3: 173-00 Low Mar 20
*SUP 4: 171.19 High Mar 19
30yr futures broader outlook is bullish however activity is currently also stuck
in a range. A break of resistance at 181.15, Apr 21 high is required to confirm
a bullish breakout and allow for a resumption of strength. This would open
184-01, the 76.4% retracement of the decline between Mar 9 - 19. Further out,
the focus would be on the contract high of 189-24 from Mar 9. On the downside,
key support is seen at 176-10, May 19 low.
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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.