Free Trial

(Z18) Friday Failed Bounce......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Friday Failed Bounce
*RES 4: 113-22 Top of Triangle beginning May
*RES 3: 113-07+ 100-DMA
*RES 2: 113-00 Bottom of Triangle beginning May
*RES 1: 112-28 50% 113-277-111.28
*PRICE: 112-00+ @ 10:17 GMT, Oct 8
*SUP 1: 111-07+ Oct 14 2008 low
*SUP 2: 110-30 61.8% 102-26-125-00
*SUP 3: 109-04.25 Sep 30 2008 low
*SUP 4: 108-15 2008 lows
The US 5-Yr's recovery failed to gain traction above 112-00 Friday, suggesting
the broader-based downtrend remains intact. Bears focus turns to the Oct 14 2008
low at 111-07+, below here opens 110-30 which represents the 61.8% retracement
of 102-26-125-00. Bulls initially need to reclaim the 100-dma & Aug highs to
change the short-term outlook, before targeting triangle top resistance at
113-22.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.