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Free Access(H0) Pressured into the........>
US 10YR FUTURE TECHS: (H0) Pressured into the Close
*RES 4: 130-17+ High Nov 1
*RES 3: 130-06 High Jan 8 and a key resistance
*RES 2: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 1: 129-18 61.8% retracement of the Jan 8 - Jan 9 decline
*PRICE: 129-03+ @ 16:33 GMT, Jan 16
*SUP 1: 129-02+ Low Jan 16
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
*SUP 4: 128-05 Low Dec 30 and Low Jan 2
10yr futures gave up early strength to return lower into the close Thursday,
with the Wednesday low giving way with little protest. This puts an end to the
past 5-day recovery and any hopes of a near-term stronger bull run. This keeps
the focus on the sharp sell-off from Jan 8, which still hangs over sentiment.
128-25 becomes the next support. To the upside, a break of 129-18 would signal a
stronger bullish outlook and open 130-06, Jan 8 high and key resistance.
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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.