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Free Access(U18) Holding On To............>
US 30YR FUTURE TECHS: (U18) Holding On To Resistance-Turned-Support
*RES 4: 146-11 Jul 6 5-Month High
*RES 3: 145-09 76.4% retracement from 141-28/146-11
*RES 2: 144-25 Aug 13 high
*RES 1: 144-11 Aug 14 Intraday High
*PRICE: 144-00 @10:25 GMT
*SUP 1: 144-00 Trendline previously broken
*SUP 2: 143-29 50 dma
*SUP 3: 143-19 Top end of Jul 24-Aug 9 range
*SUP 4 141-27 Aug 1 low
The breakout on Aug 10 through trendline resistance at 144-05 could prove false,
as the 30-yr future at 144-00 is right on that trendline which is now support.
If it can hold, next major upside level is the 144-25 Aug 13 high, with a move
through the 145-09 retracement level setting up a further rise to 146-11. If
support fails, next key level down is 143-19 which marks the top end of the Jul
24-Aug 9 range and the 38.2% Fibo retracement level from the 146-11 July 6 high.
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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.