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(U0) Bullish Friday Close

US 5YR FUTURE TECHS
  • RES 4: 127-05+ 1.0% 10-dma envelope
  • RES 3: 126-26 1.382 projection of the Jun 5 - 15 - 16 swing
  • RES 2: 126-21 1.236 projection of the Jun 5 - 15 - 16 swing
  • RES 1: 126-05+ High Jul 31
  • PRICE: 126-033 @ 07:45 BST, Aug 3
  • SUP 1: 125-22+ Low Jul 28 and key support
  • SUP 2: 125-196 Low Jul 13
  • SUP 3: 125-16+ Low Jul 2 and 50-day EMA
  • SUP 4: 125-096 Low Jun 16

5yr futures have continued to trade higher and finished Friday at a session high having traded above former resistance at 125-28+, Jun 30 and Jul 28 high and the bull trigger. The break of this resistance has confirmed a resumption of the underlying uptrend, paving the way for a climb towards 126-21, a key swing projection. MA and momentum studies are bullish, reinforcing current conditions. 125-22+ is support, Jul 28 low.

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