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Free Access(H0) Bear Flag *RES 4:..........>
US 5YR FUTURE TECHS: (H0) Bear Flag
*RES 4: 119-192 High Oct 31
*RES 3: 119-166 High Jan 7
*RES 2: 119-00 Round number resistance
*RES 1: 118-282 High Jan 10
*PRICE: 118-252 @ 11:07 GMT, Jan 14
*SUP 1: 118-176 Low Jan 9
*SUP 2: 118-13 Low Dec 30
*SUP 3: 118-056 Low Dec 24
*SUP 4: 118-03+ Low Dec 13 and primary support
The 5yr futures outlook is bearish. The sell-off last Wednesday placed on hold a
recent bullish focus. Price failed to remain above resistance at 119-066, Jan 6
high and the 50-day EMA, an indicator used as a reliable trend signal.
Furthermore, recent price action appears to be a bear flag formation reinforcing
a bearish theme. Scope is seen for a test of 118-13, Dec 30 low where a break
would expose 118-03+, Dec 13 low and key support. Resistance is at 118-282.
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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.