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Free Access(U17) Gearing Up For Test Of...>
US 10YR FUTURE TECHS: (U17) Gearing Up For Test Of 76.4% Fibo Retrace Level
*RES 4: 127-080/085 Jun 14 high, 1% volatility band
*RES 3: 126-290 Jun 26 high
*RES 2: 126-215 76.4% Fibo of 127-080/124-255
*RES 1: 126-150 Aug 3 high
*PRICE: 126-110 @1020GMT
*SUP 1: 126-020/025 Hourly support
*SUP 2: 125-310 Aug 2 low
*SUP 3: 125-215 Aug 1 low
*SUP 4: 125-155 Jul 25 low
*COMMENTARY* Still chipping away at resistance, most latterly above the key
126-115/126-120 region. A high of 126-150 so far, before again some near term
overbought conditions have come into play. In this respect, look to
126-025/125-310 to form support now and protection against any deeper corrective
potential. Directly above 126-150 and the next main attraction remains the 76.4%
Fibo retrace level at 126-215.
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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.