Free Trial

(Z18) 100-DMA Caps Topside......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) 100-DMA Caps Topside
*RES 4: 113-22  Top of Triangle beginning May
*RES 3: 113-017 100-DMA
*RES 2: 113-00  Bottom of Triangle beginning May
*RES 1: 112-27  50% 113-277-111-26+
*PRICE: 112-22+ @ 10:22 GMT, Oct 29
*SUP 1: 111-07+ Oct 14 2008 low
*SUP 2: 110-30  61.8% 102-26-125-00
*SUP 3: 109-042 Sep 30 2008 low
*SUP 4: 108-15  2008 lows
The 5-Yr future holds on to recent gains but has so far failed to make a
convincing break of the 113-00 level. Below here keeps the longer-term downtrend
intact with bears targeting the Oct 14 2008 low at 111-07+ and 110-30 which
represents the 61.8% retracement of 102-26-125-00. Bulls initially need to
reclaim the 100-dma to change the short-term outlook, before targeting triangle
top resistance from May at 113-22.

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.