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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(M18) Pivotal 113-272/113-270...>
US 5YR FUTURE TECHS: (M18) Pivotal 113-272/113-270 Support Comes Under Pressure
*RES 4: 114-157 Apr 4 high
*RES 3: 114-135/140 Apr 11, Apr 6 highs
*RES 2: 114-080/100 Congestion Apr 5-11, Apr 12 high
*RES 1: 114-040/050 Apr 5, Apr 10 lows, now resistance
*PRICE: 113-285 @0930GMT
*SUP 1: 113-270/272 Apr 13, Mar 9 lows
*SUP 2: 113-222 Feb 20 low, low
*SUP 3: 113-180/190 1.618 projection from 114-140, Mar 21 low
*SUP 4: 113-010 1% volatility band
*COMMENTARY* The 114-040/114-050 support finally gave way last Thursday, moving
below next support from 114-007 in the process. Now looking at the potential for
a 113-272/113-270 fall next, as we give back gains seen since the Mar 21 low at
113-190. Loss of 113-270 would see overall bias switch to lower again, with the
113-190/113-180 area at risk of test again. Resistance from between
114-040/114-100 but 114-135/114-157 presents a tougher ask above.
To read the full story
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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.