Free Trial

(U0) Still Consolidating *RES...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Still Consolidating
*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: 125-176 @ 11:34 BST, Jun 26
*SUP 1: 125-096 Low Jun 16 and key near-term support
*SUP 2: 125-03 Low Jun 10
*SUP 3: 124-276 Low Jun 9
*SUP 4: 124-18 Low Jun 5 and bear trigger
5yr futures are unchanged and continue to consolidate and within a tight range.
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.

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.