US 10YR FUTURE TECHS: (Z5) Bullish Outlook
Aug-27 10:08
- RES 4: 113-00 Round number resistance
- RES 3: 112-28+ 1.764 proj of the Jul 15 - 22 - 28 price swing
- RES 2: 112-19 1.764 proj of the Jul 15 - 22 - 28 price swing
- RES 1: 112-15+ High Aug 5 and the bull trigger
- PRICE: 112-05 @ 10:56 BST Aug 27
- SUP 1: 111-25 20-day EMA
- SUP 2: 111-14+ 50-day EMA
- SUP 3: 111-13+ Low Aug 18
- SUP 4: 110-25 Low Aug 1
The trend outlook in Treasury futures remains bullish and the contract continues to trade above support at the 50-day EMA, at 111-14+. A clear break of this average would expose support at 110-25, the Aug 1 low. For bulls, attention is on 112-15+, the Aug 5 high and the bull trigger. Clearance of this hurdle would resume the uptrend and pave the way for a climb towards 112-19 initially, a Fibonacci projection.
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MNI: UK CBI JUL DIST TRADE REPORTED SALES -34
Jul-28 10:00
- MNI: UK CBI JUL DIST TRADE REPORTED SALES -34
- UK CBI JUL DIST TRADE EXPECTED SALES -31
SONIA OPTIONS: Put Ladder Buyer
Jul-28 09:58
SFIX5 96.15/96.10/96.05p ladder, bought for flat in 5k (ref 96.30).
OUTLOOK: Price Signal Summary - Bull Cycle In S&P E-Minis Remains In Play
Jul-28 09:46
- In the equity space, S&P E-Minis have traded to fresh cycle high today. The climb confirms a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 6477.31, a 1.618 projection of the May 23 - Jun 11 - 23 price swing. Support at the 20-day EMA is at 6302.01.
- The trend condition in EUROSTOXX 50 futures remains bullish and short-term weakness for now, appears corrective. Support at 5281.00, the Jul 1 / 4 low, remains intact. For bulls, a resumption of gains would refocus attention on key resistance and the bull trigger at 5486.00, the May 20 high. It has recently been pierced, a clear breach of it would resume the bull cycle and open 5500.00.
