Free Trial

(U18) 147-03 Resistance Key....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) 147-03 Resistance Key
*RES 4: 147-03 Monthly high Apr (Cont)
*RES 3: 147-01 Daily Bull channel top off May low
*RES 2: 146-23 Weekly Bear channel top off Sept high
*RES 1: 146-11 High July 6
*PRICE: 145-15 @ 0930GMT
*SUP 1: 144-30 Daily Bull channel base off May low
*SUP 2: 144-16 Low July 3
*SUP 3: 144-09 21-DMA
*SUP 4: 143-30 Low June 26
*COMMENTARY: The contract is looking offered having stalled ahead of the bear
channel top off Sept highs coming in around 147-01 today. Bulls need a close
above 147-03 to confirm a break and shift focus to 150-10 (Oct Low). Correcting
modestly O/B studies are a concern for bulls. Layers of support are noted
143-30/144-30. Bears need a close below 143-30 to confirm breaks of the channel
base and 21-DMA, shifting focus back to 143-01/06 where 55 & 100-DMAs are noted.

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.