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Free Access(H0) Weaker Tone Returns.......>
US 10YR FUTURE TECHS: (H0) Weaker Tone Returns
*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 10 / 76.4% of the Feb 3 - Feb 6 decline
*PRICE: 130-25+ @ 11:46 GMT, Feb 12
*SUP 1: 130-07 Low Jan 29 and key near-term support
*SUP 2: 129-28+ 50-day EMA
*SUP 3: 129-17+ Low Jan 23
*SUP 4: 129-12 Low Jan 22
10yr futures are trading lower again today. Sharp losses between Feb 3 and Feb 6
are expected to weigh on price and the recent recovery between Feb 6 - Feb 10
was viewed as a correction. Last week futures cleared support at 130-30, the Jan
31 low and 130-13+, Jan 29 low signalling scope for a deeper pullback towards
129-28+, an area of support highlighted by the 50-day EMA. Resistance has been
defined at 131-12+.
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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.