Free Trial

(Z17) Falters After Tracking...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z17) Falters After Tracking Upper 1% Volatility Band
*RES 4: 156-13 76.4% Fibo of 158-09/150-10
*RES 3: 156-03 2% volatility band
*RES 2: 155-04/08 Sep 25 high, 61.8% of 158-09/150-10
*RES 1: 154-26/29 Nov 8 high, 1% volatility band
*PRICE: 154-12 @0955GMT
*SUP 1: 153-22 Hourly support
*SUP 2: 153-02 Hourly base Nov 2
*SUP 3: 152-19 Oct 31 high, now support
*SUP 4: 151-31 Nov 1 low
*COMMENTARY* Rally faltered after moving into a ninth consecutive day of gains,
Wednesday seeing a high of 154-26, before finally giving way to some overbought
hourly conditions. Rise still basically tracking the upper 1% volatility band,
at 154-29 today. Support from above 153-22, loss would caution now and suggest
the time has come for some deeper correction of the rise from the Oct 27 low at
150-10. Above 154-29 and next focus remains the 155-04/155-08 area.

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.