Free Trial

(Z9) Correcting *RES 4:.........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Correcting
*RES 4: 119-10+ High Nov 1 and key bull trigger
*RES 3: 119-01+ High Nov 4
*RES 2: 118-27 Trendline / channel resistance drawn off Oct 4 high
*RES 1: 118-232 High Nov 7
*PRICE: 118-162 11:24 GMT, Nov 14
*SUP 1: 117-312 Low Nov 12
*SUP 2: 117-292 Low Nov 7 and bear trigger
*SUP 3: 117-222/182 Low July 31 / Bear channel base drawn off Oct 4 high
*SUP 4: 117-17+ 1.236 projection of Sep 4 - Sep 13 decline from Oct 4 high
5yr futures are currently correcting higher as the move off last weeks low of
117-292 extends. Attention is on resistance at 118-232, Nov 7 high and also the
high of a candle pattern that day known as a standard line. This is a
continuation pattern. If prices clear 118-232, the suggestion would be that
gains are set to extend and would open 119-05+. Note that channel resistance is
at 118-27 and also represents an important hurdle. Support is at 117-312.

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.