Free Trial

(M18) 113-270 Support Under.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) 113-270 Support Under Scrutiny
*RES 4: 115-012 Hourly high Feb 6
*RES 3: 114-270 Feb 9 high
*RES 2: 114-200 Feb 7 high
*RES 1: 114-127/155 Mar 2, Feb 14 highs
*PRICE: 114-002 @0935GMT
*SUP 1: 113-270 Congestion area Feb 15-Feb 28
*SUP 2: 113-222/232 Feb 20-Feb 28 lows
*SUP 3: 113-210 Feb 15 low
*SUP 4: 112-285 1% volatility band
*COMMENTARY* Had gradually continued to recover since hitting a 113-210 low in
the middle of last month. Now facing resistance from 114-127/114-155, above
which would allow a higher 114-200/114-270 rise, as we claw back losses from the
Feb 6 high at 115-127. Meanwhile, nearest support from 114-005 has been lost,
leaving the congested 113-270 area and then 113-222 to face the music. A loss of
the latter would return overall bias/interest to the downside.

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.