Free Trial

(U18) Bulls Need Close Above...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U18) Bulls Need Close Above 145-12
*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
*RES 1: 145-12 Low July 6 now resistance
*PRICE: 145-00 @ 0930GMT
*SUP 1: 144-16 Low July 3
*SUP 2: 144-12 21-DMA
*SUP 3: 143-30 Low June 26
*SUP 4: 143-07 100-DMA
*COMMENTARY: The contract remains offered having stalled ahead of the bear
channel top off Sept highs coming in around 146-15 today. The contract is
trading below the bull channel base (145-03) off May lows with bears now focused
on the 143-30/144-16 support region. A close below 143-30 is needed to target 55
(143-01) & 100-DMAs. Bulls look for a close above 145-12 to gain breathing room
and above 145-28 to return focus to 146-11/15.

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.