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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
10-YEAR YIELD TECHS: Trendline Resistance *RES...>
US: 10-YEAR YIELD TECHS: Trendline Resistance
*RES 5: 2.9222 200-dma
*RES 4: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 3: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 2: 2.7310/78 50-dma/Feb 5 high
*RES 1: 2.6997 Down trendline res off Jan 23 high
*PRICE: 2.6590 @ 10:45 GMT, Feb 21
*SUP 1: 2.6168 Jan 31 low
*SUP 2: 2.5412 Jan 4 YTD low
*SUP 3: 2.5206 Jan 16 2018 low
*SUP 4: 2.4900 61.8% 2.0144-3.2594
10-year yields held short term uptrend support from the Jan 4 low, allowing
bulls to focus on down trendline resistance from the Jan 18 highs. For a bullish
reversal we would need to see a break of the Feb 13 high at 2.7129. Above here
would bring the Jan 18 high at 2.7968 into play. Downside focus remains on the
Jan 31 low at 2.6168, a break opens a run at the Jan 4 ytd low at 2.5412.
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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.