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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.
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Free Access(U0) Upticks Considered Corrective
- RES 4: 139-26+ 61.8% of the Aug 4 - 13 downleg / 30 High Aug 11
- RES 3: 139-23+ High Aug 21 and key resistance
- RES 2: 139-20+ High Aug 27
- RES 1: 139-13+ 20-day EMA
- PRICE: 139-02+ @ 11:39 BST Aug 28
- SUP 1: 138-23 Intraday low
- SUP 2: 138-17+ 50.0% retracement of the Jun - Aug rally
- SUP 3: 138-07 Low Jun 16
- SUP 4: 138-03+ 61.8% retracement of the Jun - Aug rally
Treasuries are likely to remain vulnerable near-term following this week's sharp sell-off and despite today's strong bounce. A bearish theme has been reinforced following today's earlier breach of 138-28+, Aug 13 and 27 lows. The break confirms a resumption of the downtrend that has been in place since early August. A return lower would open 138-17+, a Fibonacci retracement. On the upside, firm resistance is seen at 139-20, Aug 27 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.