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(U18) Decline Continues,.......>
US 30YR FUTURE TECHS: (U18) Decline Continues, 141-31/141-24 Next Support
*RES 4: 143-30 Jun 4 high
*RES 3: 143-14 Jun 1 low, now resistance
*RES 2: 143-01 Jun 4 low, now resistance
*RES 1: 142-19 Hourly resistance
*PRICE: 142-02 @1039GMT
*SUP 1: 141-31 1% volatility band
*SUP 2: 141-24/27 May 25 low, 61.8% of 139-11/145-28
*SUP 3: 140-28 76.4% Fibo of 139-11/145-28
*SUP 4: 140-17 2% volatility band
*COMMENTARY* Has continued to fall, the latest decline now nearing the lower 1%
volatility band at 141-31 and the 61.8% Fibo retrace level at 141-27. This of
the preceding 139-11/145-28 rise seen throughout the second half of May.
Currently requires a move back above 142-19, before any near term recovery is
likely, 143-01/143-14 then the next target area higher. Loss of 141-27/141-24
will have the potential for a deeper 140-28/140-17 fall.
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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.