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Free Access(H0) Round Trip *RES 4:........>
US 10YR FUTURE TECHS: (H0) Round Trip
*RES 4: 132-02+ High Oct 3 and Oct 7 and key resistance
*RES 3: 131-29 Feb 3 high
*RES 2: 131-20+ High Feb 4
*RES 1: 131-12+/16+ High Feb 18 / 76.4% of the Feb 3 - Feb 6 decline
*PRICE: 131-04 @ 16:07 GMT, Feb 19
*SUP 1: 130-19+ Low Feb 12
*SUP 2: 130-07 Low Jan 29 and key near-term support
*SUP 3: 129-30+ 50-day EMA
*SUP 4: 129-17+ Low Jan 23
Having rallied up to 131-12+, 10yr futures faded into the close Tuesday and
these losses extended into the Wednesday session. This sees the current bearish
outlook hold, and bulls need to top 131-16+ in order to open the early February
highs and repair the outlook. To the downside, scope is seen for a move towards
129-30+, an area of support highlighted by the 50-day EMA.
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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.