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Free Access(Z9) Remains in neutral *RES....>
US 5YR FUTURE TECHS: (Z9) Remains in neutral
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-297 1.0% 10-dma envelope
*RES 1: 120-13 Sep 4 High
*PRICE: 119-15 @ 11:19 BST, Sep 10
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-197/117-08 50-dma/Post Fed Low
*SUP 4: 117-202 100-dma
Having inched higher to touch new cycle highs at 120-13 last week, prices
retreated into the Friday close and have carried the theme through to this week.
This leaves the outlook looking largely neutral, with 119-152 the first support
and 120-00 the topside level. Bears could shift the outlook more negative of key
support at 119-107-117. The recent sell-on-rallies theme hurts the bullish
argument somewhat, making recent highs at 120-13 look out of sight for now.
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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.