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Free AccessUS 30YR FUTURE TECHS: (Z18)....>
US 30YR FUTURE TECHS: US 30YR FUTURE TECHS: (Z18) Holding Heavy
*RES 4: 145-11/20 200-DMA/Top of triangle beginning May
*RES 3: 143-17 100-DMA
*RES 2: 142-31 Bottom of triangle beginning May
*RES 1: 142-13 Sep 7 / Sep 10 lows
*PRICE: 140-09 @09:27 GMT, Sep 21
*SUP 1: 139-23 Sep 19 low
*SUP 2: 136-31 61.8% retracement (112-00 in 2009/177-11 in 2016)
*SUP 3: 135-13 Sep 19 2014 low
*SUP 4: 131-21 Apr 4 2014 low
Downside momentum takes a pause as the 30-Yr future holds above 140-00, for now.
Failure to close the week above keeps the recent downtrend intact with bears
targeting the 61.8% retracement level of the 2009 low to 2016 high at 136-31.
Below here opens the Sep 19 2014 low at 135-13. Bulls need to reclaim the bottom
of the triangle and 100-dma to change the short-term outlook, before challenging
200-dma & triangle top resistance at 145-13/20.
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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.