Free Trial

(M18) Continued Fall Has........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Continued Fall Has 112-210 Next In It's Sights
*RES 4: 113-170 May 10 high
*RES 3: 113-112 May 11 high
*RES 2: 113-077 May 9 low, now resistance
*RES 1: 113-035 May 18 high
*PRICE: 112-317 @1045GMT
*SUP 1: 112-275 Hourly support
*SUP 2: 112-250 May 17 low
*SUP 3: 112-210 Equality fall from 118-320 to 122-285/116-155
*SUP 4: 112-125 June 2009 low
*COMMENTARY* The loss of pivotal 113-272 support returned the overall focus to
the downside last month, followed by a break of the key 113-180/113-170 area. A
low of 112-250 so far, breaking below 112-290, the first of two equality fall
targets. In the meantime, 113-035 and then the May 9 low at 113-077 provide
initial resistance to any recovery prospects. Below 112-250 and look to the next
equality fall target at 112-210.

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.