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Free Access(M18) 114-040 Support Holds.....>
US 5YR FUTURE TECHS: (M18) 114-040 Support Holds Last Weeks Challenge
*RES 4: 114-245 Equality rise from 114-007 to 113-190/114-107
*RES 3: 114-227 61.8% Fibo of 115-127/113-190
*RES 2: 114-197/207 Mar 28, Apr 2 highs
*RES 1: 114-157/160 Apr 4 high, Mar 29 high
*PRICE: 114-090 @1036GMT
*SUP 1: 114-040 Mar 19 high, Apr 5 low
*SUP 2: 114-007 Mar 26 low
*SUP 3: 113-272 Mar 9 low
*SUP 4: 113-190 Mar 21 low
*COMMENTARY* The end of last month saw a break of the recent range, rising
through 114-092/114-127, to a high of 114-207 on Apr 2. This ahead of next
resistance of note, the 61.8% Fibo retrace level at 114-227, of the preceding
115-127/113-190 fall seen over the early part of the year. Meanwhile the 114-040
level came under pressure at the back end of last week but has survived all
challenges so far. Loss would put focus back on 114-007.
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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.