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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.
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Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
(U4) Bear Threat Still Present
- RES 4: 111-17+ 1.236 proj of the Apr 25 - May 16 - 29 price swing
- RES 3: 111-13 High Mar 25
- RES 2: 110-16/111-01 High Jun 28 / 14 and the bull trigger
- RES 1: 110-04 High Jul 3
- PRICE: 109-29 @ 11:08 BST Jul 4
- SUP 1: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support
- SUP 2: 108-27+ Low Jun 3
- SUP 3: 108-19 Trendline drawn from the Apr 25 low
- SUP 4: 107-31 Low May 29 and a key support
Treasuries rallied Tuesday. Despite the latest bounce, the contract remains vulnerable following recent weakness. The bearish breach of both the 20- and 50-day EMAs signals scope for a continuation lower near-term. Sights are on 109-00+, the Jun 10 low. A break of this level would open 108-19, a trendline drawn from the Apr 25 low. Initial firm resistance to watch is 110-16, the Jun 28 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.