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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.
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Free AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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(U9) Correction lower set to extend......>
BOBL TECHS: (U9) Correction lower set to extend
*RES 4: 135.060 2.00 Fibo projection of the May 3-15 rally off the May 22 low
*RES 3: 135.000 Round number resistance
*RES 2: 134.770 U9 contract high Jul 3
*RES 1: 134.622 Trendline support now resistance drawn off the May 3 low
*PRICE: 134.400 @ 03:07 GMT July 10
*SUP 1: 134.300 Low Jun 28
*SUP 2: 134.150 Low Jun 27 and key trend support
*SUP 3: 133.933 50-day EMA
*SUP 4: 133.900 Low Jun 7
U9 Bobl has breached its trendline support at the 134.582 level and is also
probing Friday's low print of 134.410 marked as an important support. With the
trendline breached, potential exists for a deeper corrective sell-off towards
134.510, the low of Jun 27. Momentum studies are also pointing south as they
unwind a former overbought position. On the upside, trendline support now
resistance intersects at 134.622 today. Look for the correction to extend.
To read the full story
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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.