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(Z0) Probes Major Support
- RES 4: 126-06+ High Sep 3 and the bull trigger
- RES 3: 126-046 High Sep 30
- RES 2: 125-302 20-day EMA
- RES 1: 125-272 High Oct 6
- PRICE: 125-22+ @ 11:16 BST Oct 8
- SUP 1: 125-202 Low Oct 7
- SUP 2: 125-216 Low Aug 28 and the bear trigger
- SUP 3: 125-166 1.00 proj of Aug 4 - 14 sell-off from Sep 3 high
- SUP 4: 125-112 1.236 proj of Aug 4 - 14 sell-off from Sep 3 high
5yr futures have traded sharply lower this week clearing a host of support levels along the way. Yesterday, futures probed key support at 125-216, Aug 28 low and the bear trigger. This reinforces current bearish conditions and a clear break would pave the way for a move lower towards 125-16+, a Fibonacci projection. On the upside, initial resistance is at 125-272, Oct 6 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.