Free Trial

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

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Focus Returns To Previous 113-035/113-027 Lows
*RES 4: 113-202/207 Jun 7 high, May 31 low
*RES 3: 113-170 Jun 5 high
*RES 2: 113-145 Hourly recovery Jun 8
*RES 1: 113-105 Jun 12 high
*PRICE: 113-065 @0949GMT
*SUP 1: 113-042 Jun 12 low
*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 last Thursday from 113-035, just ahead of the May 25
low at 113-027. The subsequent recovery has seen a rally 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, the loss
of 113-070 support puts pressure back on 113-035/113-027 and perhaps the 76.4%
Fibo retrace at 112-300. Resistance currently from 113-105/113-170.

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.