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Free Access10-YR YIELD TECHS: 2.284 Support Key *RES 4:.....>
US: 10-YR YIELD TECHS: 2.284 Support Key
*RES 4: 2.423 - Monthly High Aug May 11
*RES 3: 2.398 - Monthly High July 7
*RES 2: 2.371 - High Oct 2
*RES 1: 2.348 - High Oct 4
*PRICE: 2.327 @ 2030GMT
*SUP 1: 2.324 - Hourly resistance Oct 4 now support
*SUP 2: 2.296 - Low Sept 29
*SUP 3: 2.284 - Hourly support Sept 27a
*SUP 4: 2.266 - Alternating hourly support/resistance
*COMMENTARY: Recent topside hesitation is a concern for bulls given correcting
O/B studies weighing. Pressure on the 200-DMA (2.323) took its toll with a break
below but the 2.284 support remains key. Bears need a close below 2.284 to
confirm an easing of bullish pressure & shift focus back to 2.208-2.245 where
key DMAs are located. Bulls continue to look for a close above 2.371 to confirm
initial focus on 2.398-2.437 & above 2.437 to return focus to 2017 highs.
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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.