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USDCAD TECHS

Watching The 50-Day EMA

AUDUSD TECHS

Bearish Focus

MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

EURJPY TECHS

Consolidation Mode

(Z0) Bullish Engulfing Candle

US 5YR FUTURE TECHS
  • RES 4: 126-072 61.8% retracement of the Aug 4 - 28 sell-off
  • RES 3: 126-036 50.0% retracement of the Aug 4 - 28 sell-off
  • RES 2: 126-026 High Aug 21 and key resistance
  • RES 1: 126-01 High Aug 24
  • PRICE: 125-296 @ 11:11 BST, Aug 31
  • SUP 1: 125-216 Low Aug 28 and the bear trigger
  • SUP 2: 125-212 0.618 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 3: 125-182 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 125.13 1.000 proj of Aug 4 - 14 sell-off from Aug 21 high

5yr futures rallied Friday, trading above 126-00. However, key resistance at 126-026, Aug 21 high remains intact. A break of this level is required to reinforce a bullish theme and also to confirm a bullish candle pattern that marks Friday's price action, a bullish engulfing. Objectives above 126-026 lie at 126-036 and 126-072, both Fibonacci retracement levels. Key support is at 125-216, a breach would instead see bears take control once again.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com