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Free Access(M0) Recovery Gaining..........>
US 10YR FUTURE TECHS: (M0) Recovery Gaining Momentum
*RES 3: 140-00 Round number resistance
*RES 2: 139-14+ High Apr 2 and bull trigger
*RES 1: 139-08+ High Apr 15
*PRICE: 139-01+ @ 15:57 BST, Apr 15
*SUP 1: 137-16 Low Apr 7
*SUP 2: 136-29+ Low Mar 24 and key near-term support
*SUP 3: 135-18 50-day EMA
10yr futures traded much firmer Wednesday and is seen as likely to extend gains.
Last week futures found support at 137-16. This was also the area where the
20-day EMA intersected on Apr 7. The recovery is a bullish development and
reinforces the underlying positive outlook. Key S/T support lies at 136-29+, Mar
24. While it holds, the focus is on 140-00 and the contract high of 140-24 from
Mar 9. The bull trigger is 139-14+, Apr 2 high. A break of 136-29+ would alter
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.