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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
10-YR YIELD TECHS: 2.258 Resistance Key Today....>
US: 10-YR YIELD TECHS: 2.258 Resistance Key Today
*RES 4: 2.317 - 200-DMA
*RES 3: 2.289 - High Aug 4 & 8
*RES 2: 2.280 - 21-DMA
*RES 1: 2.258 - High Aug 9
*PRICE: 2.249 @ 2130GMT
*SUP 1: 2.230 - Hourly resistance Aug 9 now support
*SUP 2: 2.212 - Low Aug 9
*SUP 3: 2.205 - Daily Bull channel base
*SUP 4: 2.177 - High June 21 now support
*COMMENTARY: The recovery from the sell-off Wednesday is less than ideal for
bears who now need a close below 2.212 to reconfirm focus on tests of 2017 lows.
Layers of resistance remain with bulls needing a close above 2.258 to gain
breathing room and above 2.289 to shift immediate focus to 2.317-337 where the
bear channel top is located. Overall bulls now need a close above 2.337 to shift
focus to 2.398-2.437.
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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.