Free Trial

(Z9) Bullish Theme *RES 4:.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Bullish Theme
*RES 4: 162-17 61.8% retracement of Oct 7 - Oct 28 decline
*RES 3: 162-00/02 50-DMA / High Oct 11
*RES 2: 161-24 High Oct 14
*RES 1: 161-21 High Oct 31
*PRICE: 161-09 @ 11:21 GMT, Nov 1
*SUP 1: 159-21 Low Oct 31
*SUP 2: 158-05 Low Oct 28
*SUP 3: 157-17 Low Sep 13 and key support
*SUP 4: 156-19 Low Aug 2
30yr futures remain firmer following yesterday's strong rally, extending the
recovery off Monday's 158-05 low. Prices have cleared 160-23, Oct 17 high
setting the scene for a stronger rally and marking a near-term reversal. This
opens 161-24 and the 50-DMA at 162-00. Clearance of this zone of resistance
would open 162-17 and 163-18, 61.8% and 76.4% retracement levels of Oct 7 - Oct
28 decline. Initial support lies at 161-21, yesterday's low.

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.