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Free Access(H18) Back Trying To Sustain...>
US 30YR FUTURE TECHS: (H18) Back Trying To Sustain Break Of 154-06 Resistance
*RES 4: 155-04/08 Sep 25 high, 61.8% of 158-09/150-10
*RES 3: 154-23/26 76.4% of 156-14/149-07, November highs
*RES 2: 154-19 1% volatility band
*RES 1: 154-06/09 Dec 1, intraday highs
*PRICE: 154-01 @1118GMT
*SUP 1: 153-06 Hourly support
*SUP 2: 152-21 Dec 5 low
*SUP 3: 151-26 Hourly base Dec 1
*SUP 4: 150-30 Nov 10, 13 lows
*COMMENTARY* A fresh rally today, which aims to test the resolve of 154-06
resistance. Will need to sustain gains back through here, before the chance of a
look at the upper 1% volatility band, at 154-19 by time today and then the
previous area of resistance between 154-23/154-26, that capped rallies last
month. As a result, support moves up to 153-06 and then Tuesday's 152-21 low.
Back below the latter now would concern.
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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.