Free Trial

(M18) 113-222/113-232 Now The...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) 113-222/113-232 Now The Bar To Further Recovery Hopes
*RES 4: 113-312 Apr 17 high
*RES 3: 113-257/262 Apr 16 low, 1.618 proj'n tgt from 113-097
*RES 2: 113-222/232 Apr 18 low, May 4 high
*RES 1: 113-200/212 Hourly resistance
*PRICE: 113-160 @0915GMT
*SUP 1: 113-097/120 May 2 low, hourly support
*SUP 2: 113-062 Apr 25 low
*SUP 3: 112-290 Equality fall from 114-207 to 115-127/113-210
*SUP 4: 112-210 Equality fall from 118-320 to 122-285/116-155
*COMMENTARY* The loss of pivotal 113-272 support returned the focus to the
downside last month, followed by a break of the key 113-180/113-170 area. A low
of 113-062 so far, this ahead of 112-290, the first of two equality fall
targets. As a consequence, resistance moves to 113-222/113-232, above the latter
would further reinforce the recent break back above the 3 week downtrend and
allow a higher 113-257/113-312 recovery.

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.