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Free Access(U17) Focus On..................>
US 5YR FUTURE TECHS: (U17) Focus On 118-140/118-145 Next As Rally Continues
*RES 4: 118-295 Median line off Mar & May lows
*RES 3: 118-247 Jun 14 high
*RES 2: 118-140/145 Jun 26 high, 76.4% of 118-247/117-132
*RES 1: 118-127 Aug 3 high
*PRICE: 118-105 @1013GMT
*SUP 1: 118-062/075 Hourly support
*SUP 2: 118-035/042 Congestion Jul 26-31, Aug 2 low
*SUP 3: 118-010 Aug 1 low
*SUP 4: 117-302 Jul 28 low
*COMMENTARY* 117-295 support remained intact, having survived a 117-302 pullback
last Friday. The subsequent recovery has now found the wherewithal for a move
back above both 118-072, and the late July highs at 118-095/118-097. This now
brings the 118-140/118-145 area back into the picture, as the remaining bar to
the Jun 14 high at 118-247. Support also continues to rise, 118-075/118-035 now
the near term protection to the downside.
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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.