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Free Access(U9) Consolidation Theme *RES...>
US 5YR FUTURE TECHS: (U9) Consolidation Theme
*RES 4: 118-31 Sep 7 2017 high
*RES 3: 118-212/27 61.8% 122-28-111-26+/Upper Bollinger band (3%)
*RES 2: 118-00/05 Series of prev lows Jun/Dec 2015
*RES 1: 118-012 Jun 7 high
*PRICE: 117-187 @ 09:35 GMT, Jun 12
*SUP 1: 116-142/12 Mar 27 high/May 30 low
*SUP 2: 115-132/03+ 100-dma/May 3 low
*SUP 3: 114-30 50% 111-26+-118-012
The reversal in 5-Yr futures based at 117-08+ yesterday to keep the longer-term
uptrend intact. Bulls need to clear the 118-00/05 level which has so far proved
hard to overcome. Consolidation above brings the 61.8% retracement back into
view at 118-212, ahead of the Sep 7 2017 high at 118-31. The Mar 27 high
provides initial support at 116-142, ahead of a run at 116-00. The 100-dma
remains key on a closing basis, with a break here needed to challenge the 50%
fibo at 114-30.
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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.