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(U0) Firmer Having Cleared Resistance

US 5YR FUTURE TECHS
  • RES 4: 126-26 1.382 projection of the Jun 5 - 15 - 16 swing
  • RES 3: 126-21 1.236 projection of the Jun 5 - 15 - 16 swing
  • RES 2: 126-04/+ High Jun 29 (cont) / 0.764 of the Jun 5-15-16 swing
  • RES 1: 126-036 Intraday high
  • PRICE: 126-03 @ 11:35 BST, Jul 31
  • 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 today and extend gains 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 126-04, Jun 29 high (cont) and 126-04+, a Fibonacci projection. MA and momentum studies are bullish, reinforcing current conditions. 125-22+ is support, Jul 28 low.

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