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Free Access(H0) Bearish Theme *RES 4:......>
US 5YR FUTURE TECHS: (H0) Bearish Theme
*RES 4: 119-13 High Dec 4
*RES 3: 119-03+ High Dec 5
*RES 2: 118-30+ Dec 12 high and key resistance
*RES 1: 118-24+ Low Dec 6
*PRICE: 118-176 11:28 GMT, Dec 17
*SUP 1: 118-03+ Low Dec 13
*SUP 2: 118-006 1.00 projection of Nov 1 - Nov 7 decline from Dec 3 high
*SUP 3: 118-000 Round number support
*SUP 4: 117-216 1.236 projection of Nov 1 - Nov 7 decline from Dec 3 high
5yr futures are relatively quiet for now having rallied sharply off the day low
Friday followed by some retracement yesterday. For now recent gains are being as
a correction with the underlying trend still bearish. Last week, futures traded
below key support at 118-05, Nov 7 low. The move paves the way for 118-006, a
Fibonacci projection level and 118-00. On the upside, resistance is seen at
118-30+, Dec 12 high where a break is required to signal a potential reversal.
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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.