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Free Access10-YR YIELD TECHS: 2.229 Resistance Key Today....>
US: 10-YR YIELD TECHS: 2.229 Resistance Key Today
*RES 4: 2.289 - High Aug 4 & 8
*RES 3: 2.264 - Hourly support Aug 16 now resistance
*RES 2: 2.250 - Alternating hourly support/resistance
*RES 1: 2.229 - Hourly resistance Aug 17
*PRICE: 2.215 @ 0140GMT
*SUP 1: 2.192 - Hourly support Aug 21
*SUP 2: 2.177 - Low Aug 21
*SUP 3: 2.164 - Low Aug 18
*SUP 4: 2.121 - Low June 26
*COMMENTARY: Modestly O/S daily studies are correcting & combined with the
Bollinger base (2.167) are key concerns for bears who are focused on tests of
2017 lows. Bulls continue to look for a close above 2.229 to ease bearish
pressure and above 2.264 to shift initial focus back to 2.289. While 2.229 caps
bears retain the advantage with below 2.164 needed to add weight to their case.
Fresh 2017 lows target 2.053-121 where 2017 lows and the 100-WMA are situated.
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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.