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Free Access(H19) Maintaining Bullish......>
US 10YR FUTURE TECHS: (H19) Maintaining Bullish Trend
*RES 3: 124-02+ Dec 29 2017 high
*RES 2: 122-19/21 50% 127-28+-117-13+/Feb 6 high
*RES 1: 121-13+ Dec 19 high/38.2% 127-28+-117-13+
*PRICE: 121-09- @ 10:58 GMT, Dec 27
*SUP 1: 119-21- 200-dma
*SUP 2: 119-11/06 100-dma, Oct 26 high
*SUP 3: 117-13+ Oct 8 low
The US 10y have held above 121 this week, and could be set to test the bottom of
the upward trend channel. Bulls need to take out Wednesday's high at 121-13+ to
build on recent momentum, targeting a move toward the 50% retracement level &
Feb 6 high at 122-19/21. Failure to hold above 121-00 brings ascending trendline
support at 120-06 into play. Below here turns the outlook neutral, opening a run
at the 200 & 100-dma's at 119-19+ & 119-09 respectively.
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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.