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Free Access(U17) 126-315/126-245..........>
US 10YR FUTURE TECHS: (U17) 126-315/126-245 Becomes Key Support Area
*RES 4: 128-235 Median line off Mar and May lows
*RES 3: 128-105 61.8% Fibo of 131-235/122-145
*RES 2: 128-055 1% volatility band
*RES 1: 127-190 Aug 29 high
*PRICE: 127-010 @1003GMT
*SUP 1: 126-305/315 Aug 23 high, Aug 30, intraday lows
*SUP 2: 126-245 Hourly congestion Aug 24-28
*SUP 3: 126-160 Aug 23 low
*SUP 4: 126-140 8 week rising support line
*COMMENTARY* The move back above 127-015 rejuvenated the topside and has seen a
break above the Jun 14 high at 127-080 and also the 7 week bull channel top. A
high of 127-190 so far, with the upper 1% volatility band at 128-055 the next
barrier above. Only through here will allow a look at dual Fibo resistance
situated between 128-105/128-110. As a result, support comes initially from
126-305/126-315, with 126-245 more of a concern below.
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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.