Free Trial

(U18) Below 144-16 To Ease.....>

US 30YR FUTURE TECHS: (U18) Below 144-16 To Ease Bullish Pressure
*RES 4: 147-03 Monthly High Apr (Cont)
*RES 4: 146-15 Weekly Bear channel top off Sept high
*RES 3: 146-11 High July 6
*RES 2: 145-28 High July 9
*PRICE: 145-18 @ 0930GMT
*SUP 1: 145-12 Alternating daily support/resistance
*SUP 2: 144-27 Low July 5
*SUP 3: 144-17 21-DMA
*SUP 4: 144-16 Low July 3
*COMMENTARY: The gapping move above 145-12 buys bulls breathing room with a
close above 145-28 still needed to shift initial focus to 146-11/15 where the
weekly bear channel top off Sept highs is noted. Bulls need a close above 147-03
to confirm a break of the bear channel top and initially target a daily bull
channel top around 147-11. A close below 144-16 is needed to confirm an easing
of bullish pressure.

To read the full story



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.