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Free Access(U0) Sideways Price Action......>
US 5YR FUTURE TECHS: (U0) Sideways Price Action
*RES 4: 126-00 Round number resistance
*RES 3: 125-246 High May 8 and key resistance
*RES 2: 125-232 High May 15
*RES 1: 125-21 High Jun 15
*PRICE: 125-132 @ 11:25 BST, Jun 23
*SUP 1: 125-03 Low Jun 10
*SUP 2: 124-276 Low Jun 9
*SUP 3: 124-18 Low Jun 5 and bear trigger
*SUP 4: 124-176 2.00 projection of May 8 - 18 swing from the Jun 1 high
5yr futures continue to consolidate. The contract maintains a positive tone
though. Recent gains have brought it within touching distance of key resistance
at 125-246, May 8 high. A break would confirm a resumption of the underlying
uptrend and open 126-000. On the downside, initial support is seen at 125-03,
Jun 10 low. Clearance of this support would again refocus attention on the Jun 5
low of 124-180.
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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.