Free Trial

(Z9) Still Set To Edge.........>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Still Set To Edge Higher
*RES 4: 163-08 Bear channel top drawn off the Sep 3 high
*RES 3: 162-19 High Oct 11
*RES 2: 161-22 High Nov 1 and key resistance
*RES 1: 160-29 High Nov 21
*PRICE: 160-15 @ 11:33 GMT, Nov 27
*SUP 1: 159-12 Low Nov 20 and 21
*SUP 2: 158-22 Former channel top drawn off the Oct 8 high
*SUP 3: 157-28 Low Nov 18 and key near-term support
*SUP 4: 156-11 Low Nov 13
30yr futures are still likely to continue retracing the sell-off on Nov 21. The
near-term outlook is bullish and this weeks gains are encouraging. The positive
theme follows the recent breach of bear channel resistance drawn off the Oct 8
high. This confirmed an important technical development with attention on
161-22, Nov 1 high. Support has been defined at 157-28, Nov 18 low where a break
is required to neutralise the current recovery and highlight a bearish threat.

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.