Free Trial

(M0) Unchanged And Still........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Unchanged And Still Consolidating
*RES 4: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 126-00 Round number resistance
*RES 2: 125-286 High Mar 9 and bull trigger
*RES 1: 125-232 High Apr 21
*PRICE: 125-06+ @ 11:25 BST, Apr 28
*SUP 1: 125-062 Low Apr 17
*SUP 2: 124-202 Low Apr 7 and key support
*SUP 3: 124-186 Low Mar 25
*SUP 4: 123-26+ Low Mar 20
5yr futures are mildly softer but essentially continue to trade sideways. The
outlook is still unchanged and remains bullish. On Apr 7, price bounced off
124-202, just ahead of the 20-day EMA. The recovery is seen to be a positive
development and reinforces an underlying bullish outlook. Key S/T support is
124-202, Apr 7 low where a break would signal a reversal. Until then, the focus
is on gains and the key resistance at 125-286, Mar 9 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.