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Free Access(U17) Rally Continues, Eyes.....>
US 5YR FUTURE TECHS: (U17) Rally Continues, Eyes Two June Highs Next
*RES 4: 119-020 Median line drawn off Mar & May lows
*RES 3: 118-247 Jun 14 high
*RES 2: 118-197 Jun 6 high
*RES 1: 118-175 Hourly resistance
*PRICE: 118-165 @1024GMT
*SUP 1: 118-105/110 Hourly support
*SUP 2: 118-085/090 Aug 10 low, Aug 7 high
*SUP 3: 118-035/050 Aug 4 low, 6 week rising support line
*SUP 4: 117-317 Jul 27 low
*COMMENTARY* The move back above 118-157 today has removed the immediate threat
of Wednesday's 'shooting star' candle close. A high of 118-175 so far, as we
make our way back towards the Jun 6 high at 118-197 and then more importantly
the Jun 14 high at 118-247. Support rises slightly, 118-105/118-110 initially,
118-085/118-090 below. Not unless we lose the 6 week rising support line, at
118-050 by time today, will some indecision come into play.
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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.