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Free Access(U18) Bulls Still Need Close....>
US 5YR FUTURE TECHS: (U18) Bulls Still Need Close Above 113-21+
*RES 4: 113-29+ High May 31
*RES 3: 113-26 High July 6
*RES 2: 113-21+ High July 9
*RES 1: 113-20+ Hourly resistance July 19
*PRICE: 113-18 @ 0930GMT
*SUP 1: 113-17 Hourly support July 19
*SUP 2: 113-10+ 55-DMA
*SUP 3: 113-05 Low June 21
*SUP 4: 112-29 Monthly Low June 13
*COMMENTARY: The 55-DMA confirmed significance with the contract bouncing
aggressively to test the 113-21+ resistance. Bulls continue to look for a close
above this level to shift initial focus to 113-26/29+. Although topside
hesitation is a concern for bulls, a close below 113-17 is now needed to see
bears gain breathing room. Bears need a close below the 55-DMA to hint at a move
back to 112-25+/29 with below 113-05 to confirm.
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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.