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Free Access(M0) Firmer *RES 4: 126-046.....>
US 5YR FUTURE TECHS: (M0) Firmer
*RES 4: 126-046 3.236 Fibonacci projection of Jan 9 - 31 rally from Feb 6 low
*RES 3: 125-286 High Mar 9 and bull trigger
*RES 2: 125-222 High Mar 12
*RES 1: 125-20+ High Apr 1
*PRICE: 125-156 @ 11:39 BST, Apr 16
*SUP 1: 124-302 Low Apr 14
*SUP 2: 124-202 Low Apr 7
*SUP 3: 124-186 Low Mar 25 and key near-term support
*SUP 4: 123-26+ Low Mar 20
5yr futures traded higher yesterday and appear set to extend gains. Last week
price found support at 124-202, just ahead of the 20-day EMA. This is a bullish
development and reinforces the underlying positive outlook. The key S/T support
lies at 124-186, Mar 25 low where a break would signal a more significant
reversal. Until then, the focus is on a climb to 125-222, Mar 16 high and the
key resistance at 125-286, Mar 9 high. A breach of 124-186 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.