Free Trial

(U18) Set For Test Of...........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Set For Test Of Downtrend Resistance
*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: 113-195 @ 10:44 GMT
*SUP 1: 113-117 Aug 29 low
*SUP 2: 113-045 Aug 8 low
*SUP 3: 112-305 Aug 1 Low
*SUP 4: 112-915 61.8% 112.147-114.157
Having based at 113-117 on Aug 29, the 5-year future bounced to 113-197 and
retains its neutral outlook. Bulls initially target down trendline resistance
off the May 30 high at 113-245, with a break through the August high of 113-28
setting up a move toward the late May contract highs at 114-152. Support remains
at 113-117, below here opens the Aug 8 low at 113-045, ahead of the 61.8%
retracement level at 112-915.

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.