Free Trial

Pullback Off The High *RES 4:...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: Pullback Off The High
*RES 4: 118-212 61.8% 122-28-111-26+
*RES 3: 118-00/05 Series of prev lows Jun/Dec 2015
*RES 2: 117-11+     50% 122-28+-111-26+
*RES 1: 116-142/15+ Mar 27 high/ Mar 10 2017 low
*PRICE: 115-122     @ 09:16 GMT, May 2
*SUP 1: 114-24+/042 100-dma/50% 111-26+-116-142
*SUP 2: 113-25+     200-dma
*SUP 3: 112.20/25   Series of previous lows
*SUP 4: 111-07+     Oct 14 2008 low
*SUP 5: 110-29+     50% 96-25+-125-01+
The 5-Yr topped out ahead of 116 with a sharp post FOMC retracement to 115-15.
The downtrend extends to 115-112 and is seen approaching trendline support & the
50-dma at 115-067. Bears need a close below here to put the focus back on the
115-00 level & 100-dma 114-24+. Bulls need to clear 116-00 to extend the rally
toward the Mar 27 high at 116-142 and 50% retracement level at 117-11+.

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.