Free Trial

(Z18) Shallow Recovery *RES.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Shallow Recovery
*RES 4: 113-12+/22 200-dma/Top of Triangle beginning May
*RES 3: 112-297 100-DMA
*RES 2: 113-00  Bottom of Triangle beginning May
*RES 1: 112-27  50% 113-277-111-26+
*PRICE: 112-10+ @ 10:20 GMT, Nov 13
*SUP 1: 111-07+ Oct 14 2008 low
*SUP 2: 110-30  61.8% 102-26-125-00
*SUP 3: 109-042 Sep 30 2008 low
*SUP 4: 108-15  2008 lows
Despite consolidating above 112-00, recovery efforts have so far failed to gain
traction. The longer-term downtrend remains intact with bears immediate focus
turning towards the Oct 14 2008 low at 111-07+ and 61.8% retracement of
102-26-125-00 at 110-30. Bulls initially need to reclaim the 200-dma to change
the short-term outlook, before targeting triangle top resistance from May at
113-22.

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.