Free Trial

(U0) Still Looking For A........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U0) Still Looking For A Break Higher
*RES 4: 126-04+ 0.764 projection of Jun 5 - 15 rally from Jun 16 low
*RES 3: 126-00 Round number resistance
*RES 2: 125-31+ 0.618 projection of Jun 5 - 15 rally from Jun 16 low
*RES 1: 125-28+ High Jul 10 and near-term bull trigger
*PRICE: 125-26 @ 11:29 BST, Jul 23
*SUP 1: 125-166 Low Jul 2 and key near-term support
*SUP 2: 125-096 Low Jun 16 and a reversal trigger
*SUP 3: 125-03 Low Jun 10
*SUP 4: 124-276 Low Jun 9
5yr futures remain bullish with attention on resistance at 125.28+, Jul 10 high.
Recent gains resulted in a breach of 125-272, Mar 30 high to confirm a
resumption of the underlying uptrend. From a trend perspective, the move higher
signalled a resumption of the positive price sequence of higher highs and higher
lows. A move through 125.28+ would open 125-31+, a Fibonacci projection. Key
support is 125-166, Jul 2 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.