Free Trial

(M18) Fresh Fall Puts...........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Fresh Fall Puts 113-062/113-077 Back In Focus
*RES 4: 113-232 May 4 high
*RES 3: 113-202 May 3 high
*RES 2: 113-170/177 May 10, May 7 highs
*RES 1: 113-142/150 Hourly resistance
*PRICE: 113-107 @1000GMT
*SUP 1: 113-062/077 Apr 25, May 9 lows
*SUP 2: 112-290 Equality fall from 114-207 to 115-127/113-210
*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 113-062 so far, this ahead of 112-290, the first of two equality fall
targets. In the meantime, 113-232 has halted the recovery, the subsequent slide
putting 113-062 back in focus. As a consequence, nearest resistance now falls to
113-142/113-150, Monday's 113-177 high currently of more importance above.

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.