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Free Access(U2) Monitoring Key Short-Term Support
- RES 4: 123-13+ 1.764 proj of the 14 - 23 - 28 price swing
- RES 3: 122-29+ High Mar 31
- RES 2: 122-25+ 2.0% 10-dma envelope
- RES 1: 120-29/122-02 High Aug 4 / High Aug 02
- PRICE: 119-18+ @ 11:32 BST Aug 10
- SUP 1: 119-11+ Trendline support drawn from the Jun 16 low
- SUP 2: 119-07+ 50-day EMA
- SUP 3: 117-14+ Low Jul 21 and key near-term support
- SUP 4: 116-11 Low Jun 28
Treasuries continue to trade closer to recent lows. The trend direction is unchanged and remains up and the latest move lower is still considered corrective. The contract is however trading just above support at the 50-day EMA, which intersects at 119-07+. There is also a trendline support at 119-11+. A break of this zone would threaten the uptrend. A reversal higher would refocus attention on the bull trigger at 122-02.
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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.