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Free Access(M0) Scope For A Deeper........>
US 10YR FUTURE TECHS: (M0) Scope For A Deeper Correction?
*RES 4: 141-21 3.236 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 140-26 3.00 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 140-24 High Mar 9 and bull trigger
*RES 1: 139-13+ High Mar 10
*PRICE: 137-03 @ 10:40 GMT, Mar 17
*SUP 1: 135-25+ Low Mar 13
*SUP 2: 135-13 20-day EMA
*SUP 3: 134-09 Low Mar 3
*SUP 4: 133-14 Low Feb 28
10yr futures remain volatile and continue to trade below last week's 140-24
high. The strong uptrend has been in overbought territory for some time and we
continue to focus on the potential for a much needed technical correction. Key
support for now lies at Friday's 135-25+ low. A break would allow for a deeper
pullback opening 135-13, 20-day EMA and potentially the 50-day EMA at 132-30+.
Initial firm resistance is at 139-13+, the Mar 10 high.
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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.