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SOY TECHS

(F2) Consolidation Mode

STIR

Effective Fed Funds Rate

US EURODLR FUTURES

BLOCK, Lead Quarterly

CORN TECHS

(H2) Bullish Focus

(U0) Recovering Off The Day Low

US 5YR FUTURE TECHS
  • RES 4: 125-396 76.4% retracement of the Aug 5 - 14 sell-off
  • RES 3: 125-306 High Aug 21 and key near-term resistance
  • RES 2: 125-286 High Aug 27
  • RES 1: 125-26 20-day EMA
  • PRICE: 125-234 @ 11:26 BST, Aug 289
  • SUP 1: 125-18 Intraday low
  • SUP 2: 125-166 Low Jul 2
  • SUP 3: 125-13 50.0% retracement of the Jun 5 - Aug 4 rally
  • SUP 4: 125.096 Low Jun 16

5yr futures traded lower earlier today extending this week's slide and the recent rejection off 125-306, Aug 21 high. The contract has however found support off the day low and is correcting. A bearish theme is still seen likely to prevail though. Today's break of 125-186, Aug 14 low confirms a resumption of the downtrend that has been in place since early August. A return lower would open 125-166, Jul 2 low. 125-286 is the first resistance.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com