Free Trial

(Z9) Retracement in full.......>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Retracement in full swing
*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: 161-05 @ 11:16 BST, Sep 11
*SUP 1: 159-29 50-DMA
*SUP 2: 159-23 Low Aug 8
*SUP 3: 157-02/30 Jul 5 high/50% Oct 2018 low to July 2016 high
Prices pulled back further Tuesday, keeping the market in retracement mode.
There's still a fair bit of room below before the outlook shifts to bearish,
with the close proximity to the September Fed decision also keeping the
medium-term view clouded. This keeps firmer resistance layered between the
166-29/167-18 levels in tact, which bulls may find difficulty topping for now.
With the August 14 low at 162-15 out of the way, the 50-dma at 159-29 is the
primary downside target.

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.