Free Trial

(U18) Focus Returns To..........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Focus Returns To 113-070 Support
*RES 4: 113-292 May 31 high
*RES 3: 113-257 Hourly recovery high May 31
*RES 2: 113-187/202 Jun 8, Jun 7 highs
*RES 1: 113-145 Hourly resistance
*PRICE: 113-075 @1002GMT
*SUP 1: 113-067/070 Intraday low, initial rally high Jun 7
*SUP 2: 113-027/035 May 25, Jun 7 lows
*SUP 3: 112-300 76.4% Fibo of 112-147/114-152
*SUP 4: 112-147 May 17 low
*COMMENTARY* Found support on Thursday from 113-035, just ahead of the May 25
low at 113-027. The subsequent recovery has been relatively swift, reaching back
up towards the May 31 low at 113-207. This seen as the bar to a better
correction of losses sustained since the 114-152 high of May 29. In the interim,
support comes from around 113-070, back below the latter will disappoint and put
further gains in abeyance.

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.