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Free Access(U18) Recovery Falters At.......>
US 5YR FUTURE TECHS: (U18) Recovery Falters At 113-202/113-207 Resistance
*RES 4: 113-280 61.8% Fibo of 114-152/112-290
*RES 3: 113-220 50% Fibo of 114-152/112-290
*RES 2: 113-202/207 Jun 7 high, May 31 low
*RES 1: 113-175 Hourly resistance
*PRICE: 113-152 @1010GMT
*SUP 1: 113-097 Hourly support
*SUP 2: 113-062/075 Hourly low Jun 15. Jun 18 low
*SUP 3: 113-010 Hourly basing Jun 13-14
*SUP 4: 112-290/300 Jun 13 low, 76.4% Fibo of 112-147/114-152
*COMMENTARY* Last Wednesday's spike low to 112-290 was basically a test to the
the 76.4% Fibo retrace of the preceding 112-147/114-152 rise. The recovery since
has been relatively quick, Tuesday's break through 113-112/111-125 allowing a
return toward the Jun 7 high at 113-202 and May 31 low at 113-207, where next
directional questions are asked. In the interim, support from 113-097 and then
113-075/113-062 protects the downside.
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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.