Free Trial
US 10YR FUTURE TECHS

(M2)‌‌ Eyeing The 50-Day EMA

TURKEY

UniCredit on CRBT Decision

GERMAN AUCTION RESULTS

1.00% May-38 Bund

BONDS

Looking ahead to the Fed Minutes

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
By Les Castell
     Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
US 5YR FUTURE TECHS: (Z17) Key 117-132 Support Comes Under Pressure Today
*RES 4: 118-010/030 Sep 19 high, broken 6 month support line
*RES 3: 117-295 Sep 26 high
*RES 2: 117-225 Sep 29 high
*RES 1: 117-187 Sep 20,21 lows, now resistance
*PRICE: 117-115 @1007GMT
*SUP 1: 117-090 Intraday low
*SUP 2: 117-020 76.4% Fibo of 116-155/119-015
*SUP 3: 116-295 Mar 17 low
*SUP 4: 116-155 Mar 10 low, 1% volatility band
*COMMENTARY* Having failed to trouble 118-010 resistance, a high of 117-295 last
Tuesday, downside pressure has resumed and the Jul 6 low at 117-132 has come
under pressure today. This seen as the last protection against a greater 117-020
fall. Resistance from 117-187 but likely need a move back above 117-225 however,
before any respite will be forthcoming and allow for some correction of recent
losses from last month's 119-015 high.
US 10YR FUTURE TECHS: (Z17) Continues Lower, 124-255 The Next Key Support 
*RES 4: 126-045 Sep 25 high
*RES 3: 125-275 Congestion area Sep 22-25
*RES 2: 125-200 Sep 29 high
*RES 1: 125-170 Sep 20 low, now resistance
*PRICE: 125-035 @1015GMT
*SUP 1: 124-300 Intraday low
*SUP 2: 124-255 Jul 6, Jul 7 lows
*SUP 3: 124-170 61.8% Fibo of 122-145/127-285
*SUP 4: 124-110 1% volatility band
*COMMENTARY* Downside pressure continues following the reluctance to take on
126-055 resistance last week. The 50% Fibo retrace level at 125-055 has
subsequently given way, a low of 124-300 so far, as we head towards the next
support of note from 124-255. As a result, resistance falls as well, now
initially from 125-170/125-200 but back above the congested 125-275 region is
likely needed, before any real recovery can take place.
US 30YR FUTURE TECHS: (Z17) 152-01/152-04 Support Holding Up Under Pressure
*RES 4: 156-02 Sep 12 high
*RES 3: 155-04 Sep 25 high
*RES 2: 154-11 Sep 26 low, now resistance
*RES 1: 153-07/16 Hourly resistance, Sep 20 low
*PRICE: 152-14 @1021GMT
*SUP 1: 152-01/04 Sep 28 low, 76.4% Fibo of 150-07/158-09
*SUP 2: 151-18 Jul 7 low
*SUP 3: 150-25 2% volatility band
*SUP 4: 150-18 61.8% Fibo of 145-26/158-09
*COMMENTARY* Recovery failed to make the most of the move above 155-00, stopping
at 155-04, before once again yielding to downside pressure. The subsequent fall
below the 153-16/153-12 area then stimulating a loss of the 5 month rising
support line at 152-24. This now sees 152-04/152-01 as support and protection
against a further 151-18 fall. In the interim, resistance from 153-07/154-11 now
bars the way to that still important 155-04 level.
     US EURODOLLAR TECHS: (Z17) Pressure Resumes On Key 98.495 Support 
*RES 4: 98.635 Sep 8 high
*RES 3: 98.600/610 Aug 29 high, Sep 8 low
*RES 2: 98.585 Broken 6 month support line
*RES 1: 98.540/545 Sep 14 low, Sep 20 high
*PRICE: 98.505 @1025GMT
*SUP 1: 98.490/495 Sep 21 low, 50% Fibo of 98.335-98.655
*SUP 2: 98.470 Apr 24 low
*SUP 3: 98.455 61.8% Fibo of 98.335-98.655
*SUP 4: 98.410 76.4% Fibo of 98.335-98.655
*COMMENTARY* Failed to take advantage of the break above 98.590/98.600 earlier
last month, a high of 98.635 before giving up ground again. This culminated in a
drop below the 6 month rising support line, which then gave the scope for a
return towards the Jul 6 low at 98.495. In the interim, nearest resistance comes
from 98.540-98.545 and then the broken support line at 98.585. Below 98.495 and
98.455 is next attraction.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.