Free Trial

(Z17) Correction Continues,.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) Correction Continues, 117-280/117-272 Next Key Area
*RES 4: 118-237 Sep 11 high
*RES 3: 118-192 Sep 10 low, now resistance
*RES 2: 118-132 Sep 13 high
*RES 1: 118-072 Sep 15 high
*PRICE: 117-317 @1030GMT
*SUP 1: 117-272/280 61.8% Fibo of 117-035/119-015, Aug 16 low
*SUP 2: 117-245/255 50% Fibo 116-155/119-015, Aug 4 low
*SUP 3: 117-170/180 Jul 25 low, 76.4% Fibo of 117-035/119-015
*SUP 4: 117-132/147 Jul 6 low, 61.8% Fibo of 116-155/119-015
*COMMENTARY* Having lost support from the 9 week bull channel earlier in the
week, last Thursday we traded below the next key area between 118-097/118-090.
Loss continues the correction of the 117-035/119-015 gains seen since early
July. This now sees the potential for a deeper fall towards the next set of
supports from 117-280/117-272. Meanwhile, resistance falls to 118-0727/118-132,
above here currently needed for some near term respite.

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.