Free Trial

(Z9) Remains in neutral *RES....>

US 5YR FUTURE TECHS
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: 120-267 1.0% 10-dma envelope
*RES 1: 120-13 Sep 4 High
*PRICE: 119-002 @ 11:03 BST, Sep 11
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-202/117-08 50-dma/Post Fed Low
*SUP 4: 117-212 100-dma
Having inched higher to touch new cycle highs at 120-13 last week, prices
continued their retreat into the Tuesday close and have carried the theme
through to Wednesday. This leaves the outlook looking largely neutral, with
118-21+ the first support and 120-00 the topside level. The recent
sell-on-rallies theme hurts the bullish argument somewhat, making recent highs
at 120-13 look out of sight for now.

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.