Free Trial

(Z18) Bears In Control *RES....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Bears In Control
*RES 4: 143-00 Down trendline res off Dec 2017 highs/200-DMA
*RES 3: 142-13     Sep 7 - Sep 10 lows
*RES 2: 141-31     100-DMA
*RES 1: 141-06     50% 145-29-136-16
*PRICE: 137-20     @ 10:38 GMT, Nov 9
*SUP 1: 136-16/12+ Oct 2 low/61.8% 111-22-177-11
*SUP 2: 135-13     Sep 19 2014 low
*SUP 3: 133-06     50% 89-00-177-11
*SUP 4: 131-21     Apr 4 2014 low
30-year futures have so far been unable to recover the 138-00 level, suggesting
a resumption of the longer-term downtrend. Intraday charts display outright
bearish signals with focus turning to the Oct 2 low & 61.8% retracement level at
136-16/12. Below here opens the Sep 19 2014 low at 135-13, ahead of the 50%
retracement at 133-06. Bulls initially need to recover the 100-dma at 141-31,
before targeting a break of down trendline resistance & the 200-dma at 143-00.

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.