Free Trial

(Z0) Still Looking For A Break Higher

US 30YR FUTURE TECHS
  • RES 4: 179-20 76.4% retracement of the Aug 6 - 28 downleg
  • RES 3: 179-18 High Aug 11
  • RES 2: 178-17 High Sep 3 and the bull trigger
  • RES 1: 177-14 High Sep 17
  • PRICE: 177-01 @ 11:30 BST, Sep 30
  • SUP 1: 175-28 Low Sep 16
  • SUP 2: 175-00 Low Sep 10 and key near-term support
  • SUP 3: 174-21 Low Sep 1
  • SUP 4: 173-16 Low Aug 28 and a key support

30yr futures are holding onto recent gains and remain above 175-28 support, Sep 16 low. The outlook remains bullish. Futures have recently attempted a recovery of the Sep 3 - 10 sell-off. For bulls, an ability to hold above 175-00, Sep 10 low is encouraging. A break higher would open 178-17, Sep 3 high and a bull trigger. Clearance of this level would reinstate a bullish focus and open 179-20, a retracement. Sub 175-00 levels exposes 173-16 instead.

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.