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Free Access(M0) Consolidating But..........>
US 5YR FUTURE TECHS: (M0) Consolidating But Remains Bullish
*RES 4: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 126-00 Round number resistance
*RES 2: 125-286 High Mar 9 and bull trigger
*RES 1: 125-232 High Apr 21
*PRICE: 125-106 @ 11:25 BST, Apr 24
*SUP 1: 125-062 Low Apr 17
*SUP 2: 124-202 Low Apr 7 and key support
*SUP 3: 124-186 Low Mar 25
*SUP 4: 123-26+ Low Mar 20
5yr futures continue to consolidate. The outlook is unchanged and a bullish view
remains in place. On Apr 7, price bounced off 124-202, just ahead of the 20-day
EMA. The recovery is positive and reinforces the underlying bullish outlook. Key
S/T support is 124-202, Apr 7 low where a break would signal a more significant
reversal. Until then, the focus is on gains and the key resistance at 125-286,
Mar 9 high. A breach of 124-202 alters 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.