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(U0) 139-25 Marks The Hurdle For Bulls
- RES 4: 140-22+ High Mar 9 and key resistance (cont)
- RES 3: 140-02 0.764 projection of Jun 5 - 11 rally from Jun 16 low
- RES 2: 140.00 High Mar 17 (cont) and psychological barrier
- RES 1: 139-25 High Mar 25 and Jul 24 and bull trigger
- PRICE: 139-19+ @ 11:28 BST Jul 29
- SUP 1: 139-00+ Low Jul 13
- SUP 2: 138-23+ Low Jul 2 and key near-term support
- SUP 3: 138-07 Low Jun 16 and reversal trigger
- SUP 4: 137-22 Low Jun 10
10yr futures traded higher yesterday. The outlook remains bullish. 139-
25, Friday's high also marks the high on Mar 25 and represents a major
resistance. Attention is on this hurdle for bulls, where a break would
confirm a resumption of the uptrend and expose 140-00, Mar 17 high
(cont) and a key psychological barrier. Key support remains 138.23+, a
breach would signal a reversal. Initial support is 139-00+.
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.