Free Trial

(Z18) Crucial Tests Of.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Crucial Tests Of Support Approaching
*RES 4: 145-30 Top of triangle beginning May; 200-DMA
*RES 3: 144-07 50-DMA
*RES 1: 143-23 100-DMA
*RES 1: 142-23 Bottom of triangle beginning May
*PRICE: 142-18 @10:15 GMT
*SUP 1: 142-13 Sep 7 / Sep 10 lows
*SUP 2: 141-27 Aug 1 low
*SUP 3: 140-05 May 18 low
*SUP 4: 136-31 61.8% retracement (112-00 in 2009/177-11 in 2016)
Friday's break down through three-month support at 142-21 has bears looking at
the few levels of support left. First up is the Friday/Monday intraday low of
142-13, followed by the Aug 141-27 low and then the 140-95 May 18 low. Beyond
that, there is little support, implying a potential further move to the 61.8%
retracement (2009 low to 2016 high) at 136-31, a level not seen since 2014.

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.