Free Trial

(U18) Forming A Base *RES 4:....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Forming A Base
*RES 4: 114-01 Jun 27 high
*RES 3: 113.444 61.8% 114.157-112.29
*RES 2: 113-292 May 31 high
*RES 1: 113-277 Aug 22 high
*PRICE: 113-165 @ 09:20 GMT
*SUP 1: 113-127 Aug 6 high
*SUP 2: 113-045 Aug 8 low
*SUP 3: 112-305 Aug 1 Low
*SUP 4: 112-915 61.8% 112.147-114.157
Active sellers above 113-24 pressured 5- year futures through the 50-dma
yesterday, before basing around 113.142. The short term outlook has shifted back
to neutral with near-term support from the Aug 6 high at 113-127. Below here
opens the Aug 8 low at 113-045, ahead of the 61.8% retracement level at 112-915.
Bulls need a close above 113-277 to regain confidence and challenge the late May
contract highs at 114-152.

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.