Free Trial

(U9) Consolidation Phase.......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Consolidation Phase
*RES 4: 158-09 Sep 8 2017 high
*RES 3: 157-02 Jul 5 high
*RES 2: 156-30 50% Jul 2016 high-Oct 2018 low
*RES 1: 155-22 Jul 8 high
*PRICE: 154-27 @ 10:46 BST, Jul 19
*SUP 1: 153-11 50-dma
*SUP 2: 152-27 Jun 11 low, key support
*SUP 3: 151-28 38.2% of Mar-Jul rally
*SUP 4: 150-06 100-dma
Treasury futures rallied for the third straight session yesterday, the 30-Yr
extended its recovery to 155-06 before fading. The hold above former trendline
resistance-turned-support and the 50-dma is encouraging for bulls, opening a
return to key resistance at 156-30/157-02 from the 50% retracement level & Jul 5
ytd high. On the downside, key support remains at 152-27 from the Jun 11 low.

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.