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Free Access(U18) Recovering After Test....>
US 10YR FUTURE TECHS: (U18) Recovering After Test To 119-045 Fibo Support
*RES 4: 120-150/160 May 31 high, hourly high May 30
*RES 3: 120-050 Hourly high Jun 1
*RES 2: 119-305/005 Jun 8 high
*RES 1: 119-230 Hourly resistance
*PRICE: 119-130 @1009GMT
*SUP 1: 119-110 Initial rally high Jun 7, now support
*SUP 2: 119-040/045 Jun 7 low, 61.8% Fibo of 117-300/121-030
*SUP 3: 118-300 May 24 low
*SUP 4: 118-217 76.4% Fibo of 117-300/121-030
*COMMENTARY* The recovery since the dip to 117-300 on May 17, resulted in a
sharp spike higher to 121-030 late last month. Has subsequently seen a decent
pullback, as a result of some considerably overbought conditions but has found
support from around 119-045, a 61.8% Fibo retrace of those gains. The subsequent
recovery looks to correct some of that fall, 120-005/120-050 now the bar to a
further rise. Support from 119-110 now protects the downside.
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Why MNI
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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.