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Free Access(Z9) 8 sessions of higher......>
US 30YR FUTURE TECHS: (Z9) 8 sessions of higher highs
*RES 4: 171-16 High Sep 7 2016
*RES 3: 169-31/03 Low Jul 22 2016/High Sep 28 2016
*RES 2: 167-23 76.4% Fib 177-11 - 136-16
*RES 1: 167-18 Cycle High
*PRICE: 163-02 @ 11:22 BST, Sep 25
*SUP 1: 157-17 Low Sep 13
*SUP 2: 157-02/30 Jul 5 high/ 50% retracement Oct 2018 low to July 2016 high
*SUP 3: 156-22 100-dma
*SUP 4: 155-29 High Jul 31
30yr futures have already cemented an eighth consecutive session of higher highs
as of Wednesday morning, reinforcing the bullish momentum present and cementing
the cycle highs at 167-18 as the ultimate target. Fib resistance at 162-18 was
taken out Tuesday, moving the needle further. The first target for bears remains
the recent low print at 157-17 ahead of Fib support kicking in just above the
157 handle.
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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.