Free Trial

(U0) Erasing Wednesday Weakness

US 30YR FUTURE TECHS
  • RES 4: 185-07 1.382 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 3: 184-04 1.236 proj of the Jun 5 - 11 rally from the Jun 16 low
  • RES 2: 183-02 High Apr 22 (cont) and a key resistance
  • RES 1: 183-00 Aug 4 High
  • PRICE: 182-18 @ 11:13 BST, Aug 6
  • SUP 1: 179-30 Low Jul 28 and key near-term support
  • SUP 2: 178.31 Low Jul 13
  • SUP 3: 177-06 Low Jul 6 and key near-term support
  • SUP 4: 176-13 Low Jun 24

30yr futures are firmer, but are well short of the week's highs as markets partially erase yesterday's weakness. This keeps momentum in bulls' favour for now, with technical indicators yet to to flash overbought. 183-02, Apr 22 high (cont) is the next resistance. Further out, the upleg also opens 191-22 (cont), Mar 9 high. Key support lies at 179-30, Jul 28 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.