Free Trial

(U0) Still Looking For Gains...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U0) Still Looking For Gains
*RES 4: 180-28 High May 15
*RES 3: 179-18 High May 22
*RES 2: 178-26 High Jun 1 and a key resistance
*RES 1: 178.14 High Jun 15
*PRICE: 177-03@ 11:34 BST, Jun 24
*SUP 1: 174-29 Low Jun 16
*SUP 2: 174-07 Low Jun 10
*SUP 3: 170-30 Low Jun 05 and the key support
*SUP 4: 169-11 2.382 projection of Apr 21 - May 6 swing from May 15 high
30yr futures are still trading at the 20- and 50-day EMAs. Further near-term
gains are still seen likely though with a bullish outlook remaining in place.
The focus is on the 178-26 resistance, high Jun 1 where a break would open
179-18 and 180-28, the May 22 and May 15 highs respectively. Clearance of this
zone would expose 181-15, Apr 21 high. On the downside, initial firm support is
at 174-29, Jun 16 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.