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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.
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(H1) Corrective Climb
- RES 4: 126-05+ High Nov 6
- RES 3: 126-022 76.4% retracement of the Nov 5 - 11 sell-off
- RES 2: 126-016 High Nov 9 and 30
- RES 1: 125-296 Intraday high
- PRICE: 125-282 @ 11:10 GMT Dec 8
- SUP 1: 125-20+ Low Dec 2 and the near-term bear trigger
- SUP 2: 125-192 Low Nov 12
- SUP 3: 125-13+ Low Nov 11 and key support
- SUP 4: 125-06+ 1.00 proj of Nov 5 - 11 sell-off from Nov 30 high
5yr futures continue to correct higher and retrace the recent Nov 30 - Dec 2 sell-off. A bearish theme is likely to dominate near-term while resistance at 126-016 remains in place, Nov 9 and 30 high. A fresh move lower would expose support at 125-20+, Dec 2 low and the near term bear trigger. Clearance of this level would open 125-192, Nov 12 low and the key support at 125-13+, Nov 11 low. A break above 126-016 would alter the picture.
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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.