Free Trial

(U0) Closing In On Resistance

US 5YR FUTURE TECHS
  • RES 4: 126-04+ 0.764 projection of Jun 5 - 15 rally from Jun 16 low
  • RES 3: 126-00 Round number resistance
  • RES 2: 125-31+ 0.618 projection of Jun 5 - 15 rally from Jun 16 low
  • RES 1: 125-28+ High Jul 10 and near-term bull trigger
  • PRICE: 125-276 @ 11:12 BST, Jul 27
  • SUP 1: 125-196 Low Jul 13
  • SUP 2: 125-166 Low Jul 2 and key near-term support
  • SUP 3: 125-096 Low Jun 16 and a reversal trigger
  • SUP 4: 125-03 Low Jun 10

5yr futures are firmer today. The outlook is bullish with attention 125.28+,
Jul 10 high. Recent gains resulted in a breach of 125-272, Mar 30 high to
confirm a resumption of the underlying uptrend. From a trend perspective,
the move higher signalled a resumption of the positive price sequence of
higher highs and higher lows. A clear breach of 125.28+ would open 125
31+, a Fibonacci projection. Key support is 125-166, Jul 2 low.

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.