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Free Access(U18) Fresh Fall Tests Mettle...>
US 5YR FUTURE TECHS: (U18) Fresh Fall Tests Mettle Of 113-050/113-037 Support
*RES 4: 113-240/255 Jul 2, Jun 28 highs
*RES 3: 113-210/215 Jul 3, Jul 5, Jul 19 highs
*RES 2: 113-175 Jul 23 high
*RES 1: 113-142 Jul 20 low, now resistance
*PRICE: 113-082 @0940GMT
*SUP 1: 113-045/050 Jul 24, Jun 21 lows
*SUP 2: 113-037 Jul 12 low, 76.4% of 113-100/113-210
*SUP 3: 112-290/300 Jun 13 low, 76.4% of 112-147/114-152
*SUP 4: 112-260 Congestion area mid May
*COMMENTARY* Has moved below 113-100/113-095 support taking us out of the recent
consolidation range and once again eyeing 113-050/113-037 support. These now
become the protection to the main support area, which is still located between
112-300/112-290. Have to remain above the latter or overall bias switches to
lower again. Meanwhile, last Friday's 113-142 low now provides immediate
resistance, with Monday's 113-175 high, of more consequence above.
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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.