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Free Access(H18) Pullback Enters..........>
US 30YR FUTURE TECHS: (H18) Pullback Enters 152-13/151-15 Support Zone
*RES 4: 154-23/26 76.4% 156-14/149-07, November highs
*RES 3: 154-17/18 1% volatility band, Dec 6 high
*RES 2: 153-19 Dec 11 high
*RES 1: 153-06/08 Hourly resistance
*PRICE: 152-19 @1201GMT
*SUP 1: 152-05 Dec 12 low
*SUP 2: 151-26 Hourly base Dec 1
*SUP 3: 151-15 1% volatility band
*SUP 4: 150-30 Nov 10, 13 lows
*COMMENTARY* A fresh rise last Wednesday, through 154-06 resistance but the
rally was halted by the upper 1% volatility band, which is now at 154-17 by time
today. Above and there is still congested resistance between 154-23/154-26, to
deal with, that capped rallies last month. As a result, have seen a pullback
below 152-21 which opens the prospect of a deeper 152-13/151-15 fall, ahead of
the dual Nov lows at 150-30. Meanwhile, back above 153-06/153-19 would help.
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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.