Free Trial

(U18) Pressuring 55-DMA *RES....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Pressuring 55-DMA
*RES 4: 113-21+ High July 9
*RES 3: 113-17+ High July 17
*RES 2: 113-17  21-DMA, 100-DMA
*RES 1: 113-13+ Hourly resistance July 18
*PRICE: 113-11+ @ 0930GMT
*SUP 1: 113-10 55-DMA
*SUP 2: 113-05  Low June 21
*SUP 3: 112-29  Monthly Low June 13
*SUP 4: 112-25+ High May 18 now support
*COMMENTARY: Topside hesitation ahead at 113-21+ has resulted in traction below
the bull channel base (113-17+) off May lows with immediate pressure on the
55-DMA. Bears now look for a close below the 55-DMA to hint at a move back to
112-25+/29 with below 113-05 to confirm. Bulls now need a close above 113-13+ to
gain breathing room and above 113-17+ to shift initial focus back to 113-21+/26.

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.