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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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(U1) Testing Channel Support
- RES 4: 135-19+ 50% Aug'20 - May'21 Sell-Off
- RES 3: 134-29/35-14 High Aug 5 / High Aug 04 and the bull trigger
- RES 2: 134-19+ High Aug 17
- RES 1: 134-01+ High Aug 25
- PRICE: 133-18+ @ 11:25 BST Aug 27
- SUP 1: 133-15/09+ Channel drawn from May 30 low / Low Aug 11
- SUP 2: 132-30 Low Jul 14 and high Jun 21
- SUP 3: 132-06 Low Jun 30 and Jul 1
- SUP 4: 131-24+ Low Jun 25
Treasury futures have traded lower this week. The contract is once again testing its key bull channel support drawn from the Mar 30 low. The channel floor intersects at 133-15 and marks a key support - the channel base has offered support a number of times since April. A clear break lower would highlight a reversal. Bulls will be looking for the channel to hold and for price to recover, initially towards 134-19+, Aug 17 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.