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Free Access10-YR YIELD TECHS: 2.289 Confirms Significance...>
US: 10-YR YIELD TECHS: 2.289 Confirms Significance
*RES 4: 2.320 - Daily Bear channel top
*RES 3: 2.289 - High Aug 4 & 8
*RES 2: 2.264 - Hourly support Aug 16 now resistance
*RES 1: 2.250 - Alternating hourly support/resistance
*PRICE: 2.231 @ 0140GMT
*SUP 1: 2.222 - Low Aug 16
*SUP 2: 2.203 - Hourly support Aug 14
*SUP 3: 2.177 - High June 21 now support
*SUP 4: 2.174 - 55-WMA
*COMMENTARY: The 2.289 resistance confirmed significance with the yield rejected
ahead of this level and the sell-off resulting in a bearish close. Initial focus
has now returned to the 2.174-177 supports with a close below needed to confirm
focus on 2.053-121 where 2017 lows and the 200-WMA are situated. Layers of
resistance are accumulating and weighing with bulls now needing a close above
2.264 to shift focus back to 2.289.
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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.