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Free Access(H18) Downside Pressure........>
US 10YR FUTURE TECHS: (H18) Downside Pressure Resumes After Brief 124-275 Rise
*RES 4: 125-065 Nov 8 high
*RES 3: 124-305/320 8 week falling res line, Nov 28 high
*RES 2: 124-275 Dec 1, Nov 29 highs
*RES 1: 124-190/200 Hourly resistance
*PRICE: 124-050 @1220GMT
*SUP 1: 123-295 Nov 30 low
*SUP 2: 123-270 Oct 25, Oct 27 lows
*SUP 3: 123-145 8 week bear channel base projection
*SUP 4: 123-095 1% volatility band
*COMMENTARY* The key 124-050/124-065 support area gave way on Thursday, a low of
123-295 before recovering on the back of some near term oversold conditions.
This culminated in a return to the Nov 29 high at 124-275, before once again
falling back towards that 123-295 low again. This is the protection to the late
October lows at 123-270 and the 8 week bear channel base projection at 123-145.
Meanwhile, 124-190/124-200 becomes near term 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.