Free Trial

(Z17) 61.8% Fibo Level.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z17) 61.8% Fibo Level Holds, Meanwhile 154-10 Caps
*RES 4: 156-13 76.4% Fibo of 158-09/150-10
*RES 3: 155-04/08 Sep 25 high, 61.8% of 158-09/150-10
*RES 2: 154-26 Nov 8 high
*RES 1: 154-10 Intraday high
*PRICE: 153-18 @1146MT
*SUP 1: 152-30 Nov 13 high, now support
*SUP 2: 152-18 Hourly support
*SUP 3: 152-01 Nov 12 low
*SUP 4: 151-31 Nov 1 low
*COMMENTARY* Has found some support from the 61.8% Fibo retrace level at 152-01
and this has helped to reduce the immediate downside bias. The further move
above 153-01/153-18 is also encouraging and suggests there will be scope for a
higher 154-02/154-05 rise, where next questions are asked. Support as a result
also rises, 152-30/152-18 should now hold any setbacks, if the recovery is set
to continue.

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.