Free Trial

(U0) Still Trading Near This Week's Highs

US 5YR FUTURE TECHS
  • RES 4: 126-05+ High Aug 7
  • RES 3: 126-01 High Aug 11
  • RES 2: 125-396 76.4% retracement of the Aug 5 - 14 sell-off
  • RES 1: 125-30 High Aug 20
  • PRICE: 125-282 @ 11:34 BST, Aug 21
  • SUP 1: 125-23+ Low Aug 17
  • SUP 2: 125-186 Low Aug 14 and key support
  • SUP 3: 125-16+ Low Jul 2
  • SUP 4: 125-15+ 100-dma

5yr futures continue to hold onto the bulk of this week's gains. Despite this week's climb, the broader outlook for now remains bearish. Price last week traded through 125-22+ (the late July low). This reinforced the current bearish theme signalling scope for an extension lower. Resistance levels to watch are at 125-30, yesterday's high and 125-396, a Fibonacci retracement. A move lower would open 125-186, Aug 14 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.