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Free AccessMNI US OPEN - House Rejects Funding Bill, Gov't Shutdown Looms
Challenging Cycle Highs *RES....>
US 5YR FUTURE TECHS: Challenging Cycle Highs
*RES 4: 118-212 61.8% 122-28-111-26+
*RES 3: 118-00/05 Series of prev lows Jun/Dec 2015
*RES 2: 117-11+ 50% 122-28+-111-26+
*RES 1: 116-15+ May 23 high/ Mar 10 2017 low
*PRICE: 116-142+ @ 09:18 GMT, May 28
*SUP 1: 115-03+/032 May 3 low/100-dma
*SUP 2: 114-05/007 50% 111-26+-116-15+/200-dma
*SUP 3: 112.20/25 Series of previous lows
*SUP 4: 111-07+ Oct 14 2008 low
US 5-Yr futures rallied to 116-15 and look to take out last Thursday's high at
116-15+ to extend the uptrend. The bullish outlook remains with further
resistance located on approach to the 117-00 level, ahead of the 50% retracement
at 117-11+. Bears need a break back under 116-00, before returning the focus to
up trendline support & the 50-dma at 115-26/20. Below here opens a run at the
May 3 low & 100-dma at 115-03+/032.
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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.