Free Trial

(Z18) Remaining Within.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z18) Remaining Within Downtrend
*RES 4: 145-23 Top of triangle beginning May; 200-DMA
*RES 3: 143-23 100-DMA
*RES 2: 142-27 Bottom of triangle beginning May
*RES 1: 142-13 Sep 7 / Sep 10 lows
*PRICE: 142-07 @10:22 GMT, 12 Sep
*SUP 1: 141-27 Aug 1 low
*SUP 2: 141-25 Bottom of trend channel beginning June
*SUP 3: 140-05 May 18 low
*SUP 4: 136-31 61.8% retracement (112-00 in 2009/177-11 in 2016)
The 30-Yr Dec18 contract has found support clustered at 141-25/141-27 (the Aug 1
low / bottom of the trend channel beginning in June). Without a break back up
through the upward trendline, now at 142-27, bears will remain in control, with
next support at 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.