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Free Access(M0) Off Recent Lows *RES 4:....>
US 5YR FUTURE TECHS: (M0) Off Recent Lows
*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: 125-146 @ 11:35 BST, Apr 29
*SUP 1: 125-05+ Low Apr27
*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 have recovered off recent lows finding support at 125+05+, Monday's
low. The outlook is unchanged and still bullish. On Apr 7, price bounced off
124-202, just ahead of the 20-day EMA. The recovery is seen to be a positive
development and reinforces an underlying bullish outlook. The focus is on
125-+232, the Apr 21 high where a break would confirm a bull trend resumption
and open 125-286, Mar 9 high. Key S/T support remains 124-202, Apr 7 low.
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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.