Free Trial

US (Z9) Move Higher Likely A...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: US (Z9) Move Higher Likely A Correction
*RES 4: 161-22 High Nov 1 and key resistance
*RES 3: 160-26 High Nov 4
*RES 2: 160-16Trendline resistance drawn off Oct 8 high
*RES 1: 159-05 High Nov 6
*PRICE: 157-16 @ 11:29 GMT, Nov 13
*SUP 1: 155-26 Yesterday's low
*SUP 2: 154-30 Bear channel base drawn off Sep 3 high
*SUP 3: 153-25 1.236 projection of Aug 28 - Sep 13 decline from Oct 7 high
*SUP 4: 152-14 1.382 projection of Aug 28 - Sep 13 decline from Oct 7 high
30yr futures prices are higher today. Gains are likely corrective with a bearish
outlook intact following last weeks sell-off. Price action on Nov 7 was
significant, the former support at 157-17, Sep 13 low was cleared on this day.
This confirmed a resumption of the broader downtrend that began on Aug 28. The
move lower sets the scene for weakness towards 154-30, the base of a broad bear
channel drawn off Sep 3 high. Initial resistance is at 159-05, Nov 6 high.

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.