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Free AccessYIELD TECHS: Downtrend Picks Up Pace....>
US TSYS/10Y: YIELD TECHS: Downtrend Picks Up Pace
*RES 4: 2.4887/4812 High May 8/55-dma
*RES 3: 2.4160/4388 21-dma/High May 21
*RES 2: 2.3838 High May 23
*RES 1: 2.3326 High May 24
*PRICE: 2.2483 @ 02:40 GMT, May 29
*SUP 1: 2.2000 Support
*SUP 2: 2.1870 Channel bottom
*SUP 3: 2.0596 61.8% retracement
*SUP 4: 2.0144 Low Sep 8, 2017
The downtrend in US yields is picking up pace as bears now look to take out the
2.2000 level to bring the channel bottom down at 2.1870 into play. Below here
opens the 61.8% retracement at 2.0596. Bulls need to recover Friday's high at
2.3326 to stabilise the outlook while a break above Thursday's high at 2.3838
would put the focus back on the 21-dma/May 21 high at 2.4160/4388.
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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.