Free Trial

(M0) Watching Key Support......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (M0) Watching 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: 181-24 High May 8
*PRICE: 178-25 @ 11:54 BST, May 12
*SUP 1: 178-01 Low May 6
*SUP 2: 177-14 Low Apr 13 and 14 and key near-term support
*SUP 3: 177-01/176-20 50-day EMA / Low Mar 24
*SUP 4: 174-28 Low Mar 23
30yr futures rebounded off last Wednesday's 178-01 low but have so far failed to
follow through and are trading on a softer note so far this week. 178-01 marks a
key S/T support and while it remains intact, attention is on the key resistance
and bull trigger at 183-02, Apr 22 high. A break of this resistance would
reinforce bullish conditions and open 184-07, Mar 12 high and 185-29, a
retracement level. Weakness through 178-01 would be bearish exposing 177-14.

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.