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Free AccessRenewed Positive Signals.......>
US 10YR FUTURE TECHS: Renewed Positive Signals
*RES 4: 3.0840 - High May 21
*RES 3: 3.0330 - High Apr 25
*RES 2: 3.0140 - High Aug 1
*RES 1: 2.9950 - High Aug 3
*PRICE: 2.9656 @ 18:25 GMT
*SUP 1: 2.9221 - Low August 6
*SUP 2: 2.9020 - Hourly resistance July 23 now support
*SUP 3: 2.8968 - Former resistance July 20
*SUP 4: 2.8950 - Former resistance July 19
US 10Y ylds have remained supported following the earlier strong bounce off
their 55-and-21-DMAs. The break above the initial resistance at the 2.9599
level has generated renewed bullish signals, opening the way for a retest of the
3.0140 August 1 high. A further break above here would target 3.0559 ahead of
the 3.1261 May peak. Major support has now formed in the 2.9264/221 zone and a
break below here is now needed to switch back to a bearish scenario.
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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.