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Free Access(U9) Plays the range *RES 3:...>
US 10YR FUTURE TECHS: (U9) Plays the range
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-14 Jul 3 high
*RES 1: 128-02+ Upper Bollinger band (2%)
*PRICE: 127-12 @ 11:01 BST, Jul 29
*SUP 1: 126-30+/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-08 100-dma
Having failed to take out 128-00 in recent weeks, Treasury futures continue to
show signs of bullish exhaustion ahead of the Fed decision this week. This makes
128-00 a firm target for bulls, which may have a tough time hitting the mark
unless the Fed really come out swinging. The continued hold above former
trendline resistance-turned-support drawn off the May 3 low remains encouraging,
but the effect has faded in recent sessions. The May 30 low provides interim
support at 125-06+.
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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.