Free Trial

(Z9) Trading Sideways *RES 4:...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Trading Sideways
*RES 4: 120-172 1.382 projection of rally between Sep 13 - Sep 24 from Oct 1 low
*RES 3: 120-13 Contract high Sep 4 and Oct 4 / Bull trigger
*RES 2: 120-026 High Oct 10
*RES 1: 119-116/122 High Oct 14 / 50-DMA
*PRICE: 118-29 10:16 GMT, Oct 24
*SUP 1: 118-252/232 100-DMA / Low Oct 22
*SUP 2: 118-15 Low Sep 19
*SUP 3: 118-03 Low Sep 13
*SUP 4: 117-222 Low July 31
5yr futures are unchanged and continues to consolidate trading just ahead of the
100-dma at 118-252. A bearish outlook is maintained, looking for a break of the
100-dma to reinforce this condition and open 118-15 ahead of 118-03. Note, the
latter level marks the midpoint of what appears to be a broad double top
reversal. To revisit contract highs at 120-13, markets need to reclaim 120-00.
For now though, 119.116 is firm resistance and seen capping the upside.

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.