Free Trial

(U9) 118-00-05 Holding, For.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) 118-00-05 Holding, For Now
*RES 4: 118-31      Sep 7 2017 high
*RES 3: 118-19+/212 Upper Bollinger band (3%)61.8% 122-28-111-26+
*RES 2: 118-00/05   Series of prev lows Jun/Dec 2015
*RES 1: 118-00+     Jun 5 high
*PRICE: 117-262     @ 09:33 GMT, Jun 6
*SUP 1: 116-12      May 30 low
*SUP 2: 115-09+/03+ 100-dma/May 3 low
*SUP 3: 114-29+ 50% 111-26+-118-00+
*SUP 4: 114-062/05  61.8% fibo/200-dma
5-Yr futures briefly traded above 118-00 yesterday, before easing off the high.
Bulls remain in control with topside focus on a break of the 118-00/05 level to
extend the uptrend. consolidation above brings the 61.8% fibo back into view at
118-212, ahead of the Sep 7 2017 high at 118-31. Technical studies are
generating overbought conditions with the RSI trading above 76. Support comes in
from the May 30 low, ahead of the the 100-dma & May 3 low at 115-09+/03+.

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.