Free Trial

(Z17) 154-30 Under Attack,.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z17) 154-30 Under Attack, Fall Tests 1% Volatility Band
*RES 4: 157-12 Sep 5 high
*RES 3: 156-29 Sep 11 high
*RES 2: 156-05 Hourly recovery high Sep 11 
*RES 1: 155-18/27 Sep 13 high, broken support line
*PRICE: 154-26 @1054GMT
*SUP 1: 154-22/30 Intraday low, 1% vol, 50% of 151-18/158-09
*SUP 2: 154-04 61.8% Fibo of 151-18/158-09
*SUP 3: 153-24 Aug 15 low
*SUP 4: 153-03/05 2% vol band, 76.4% Fibo of 151-18/158-09
*COMMENTARY* The loss of 156-07 was the initial warning, then the 7 week support
line at 155-27 gave way. Now the key 154-30 level has come under challenge
today, a low of 154-22 so far, in line with the lower 1% volatility band. This
currently protects against a further 154-04 fall. In the meantime, resistance
falls to 155-18/155-27, presently require a move back above here to ease
pressure.

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.