Free Trial

(Z0) Focus Is On The EMA Resistance Zone

US 30YR FUTURE TECHS
  • RES 4: 177-24 High Sep 4
  • RES 3: 177-14 High Sep 17 and a bull trigger
  • RES 2: 177-00 High Oct 2
  • RES 1: 176-10 High Oct 15
  • PRICE: 175-12 @ 11:50 BST Oct 16
  • SUP 1: 175-00 Low Oct 15
  • SUP 2: 174.08 Low Oct 13
  • SUP 3: 173-10 Low Oct 7 and the bear trigger
  • SUP 4: 172-13 0.764 projection of Aug 6 - 28 decline from Sep 3 high
30yr futures rallied yesterday but found resistance and closed the session unchanged. A bullish outlook remains intact though. This week's gains signal a reversal of the recent decline between Sep 29 and Oct 7. Futures have tested a band of resistance highlighted by the 20- and 50-day EMAs. Clearance of this zone would strengthen the current bullish theme and open 177-00, Oct 2 high. 175-00 is first support.

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.