Free Trial

(U17) Potentially Bearish......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U17) Potentially Bearish 'Doji' Candle Close
*RES 4: 159-19 2% volatility band
*RES 3: 158-26 6 week bull channel top projection
*RES 2: 158-04 Aug 29 high
*RES 1: 157-19/25 Hourly resistance
*PRICE: 156-28 @1008GMT
*SUP 1: 156-23/24 Aug 30 low, Aug 25 high
*SUP 2: 156-05 Aug 28 low
*SUP 3: 155-29 Aug 11 high, Aug 25 low
*SUP 4: 155-16 Aug 22, Aug 23 lows
*COMMENTARY* Broke through 157-08/157-27, reaching 158-04 on Tuesday, as we
headed towards the 6 week bull channel top projection at 158-26. The subsequent
fall is a concern however, creating a potentially bearish 'Doji' candle close on
the daily chart. Initial support around 156-24 has already seen a test, loss
would allow a further 156-05/155-16 fall, as we correct gains from the Aug 15
low at 153-24. In the interim, 157-19/157-25 provides near term resistance.

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.