Free Trial

(M9): Triangle Break Needed.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M9): Triangle Break Needed
*RES 4: 115-212    Feb 6 high
*RES 3: 115-14     50% 119-01-111-26
*RES 2: 115-122    Jan 3 ytd high
*RES 1: 114-30     Jan 31 high
*PRICE: 114-20     @ 10:20 GMT, Mar 7
*SUP 1: 113-207/20 100-dma/50% 111-277-115-122
*SUP 2: 113-13+    200-dma
*SUP 3: 111-26+    Oct 8 ten-year low
*SUP 4: 111-07+    Oct 14 2008 low
5-Yr futures comfortably hold above the 50-dma with a break of triangle top
resistance at 114-22 needed to extend the uptrend. This brings the 115 level &
Jan 3 ytd high back into view at 115-122, ahead of the 50% retracement level at
115-14. A downside break of the triangle base (114-09) is needed to shift
momentum back to the bears, opening the 100-dma & 50% retracement level at
113-207/20. Below here opens key support from the 200-dma at 113-132.

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.