Free Trial

(M18) Sustained.................>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M18) Sustained 114-092/114-127 Break Needed For Impetus
*RES 4: 114-227 61.8% Fibo of 115-127/113-190
*RES 3: 114-155 Feb 14 highs 50% of 115-127/113-190
*RES 2: 114-127 Mar 2 high
*RES 1: 114-092/107 Mar 14, 22 highs, 38.2% 115-127/113-190
*PRICE: 114-022 @0920GMT
*SUP 1: 113-297 Hourly support
*SUP 2: 113-242 Mar 20 low
*SUP 3: 113-190 Mar 21 low
*SUP 4: 112-292 1% volatility band
*COMMENTARY* Last Thursday's rally from Wednesday's 113-190 base, attempted to
clear 114-092 resistance. A slightly higher 114-107 rise seen, before once again
giving up some ground. Will require the impetus of a sustained break through
here and then 114-127, before the belief in a better correction of losses from
Feb 6 high at 115-127 will arise. In the interim, support comes from above
113-297 and then more importantly 113-242. 

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.