Free Trial

(Z18) Challenging Cycle Lows...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Challenging Cycle Lows
*RES 4: 144-28/145-20 200-DMA/Top of triangle beginning May
*RES 3: 143-12    100-DMA
*RES 2: 142-23/31 50% 145-29-139-17/Bottom of triangle beginning May
*RES 1: 142-13    Sep 7 - Sep 10 lows
*PRICE: 139-27us1 @09:23 GMT, Oct 1
*SUP 1: 139-17    Sep 25 low
*SUP 2: 136-39    61.8% 111-22-177-11
*SUP 3: 135-13    Sep 19 2014 low
*SUP 4: 131-21    Apr 4 2014 low
Failure to hold above the 140-00 level has given bears the initiative targeting
last week's cycle lows at 139-17. Below here turns focus toward the 61.8%
retracement at 136-39, ahead of the Sep 19 2014 low at 135-13. Bulls need to
reclaim 140-00 to halt the recent downtrend, before challenging the Sep 7-10
lows at 142-13.

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.