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Free Access(Z17) 116-295 Support Under.....>
US 5YR FUTURE TECHS: (Z17) 116-295 Support Under Pressure Today
*RES 4: 117-162 Initial low Oct 16, now resistance
*RES 3: 117-137 Oct 19 high
*RES 2: 117-072 Oct 24 high
*RES 1: 117-037/047 Oct 6 low, hourly resistance
*PRICE: 116-295 @1025GMT
*SUP 1: 116-285/295 Intraday, Mar 17 lows
*SUP 2: 116-175 Dec 15 low
*SUP 3: 116-155 Mar 10 low
*SUP 4: 116-025 1% volatility band
*COMMENTARY* Continued pressure has seen the 76.4% Fibo retrace level at 117-020
give way and attention switch to the Mar 17 low at 116-295. This slightly
breached today, a low of 116-285 posted so far. A sustained break lower will
switch focus back to the Dec 15 low at 116-175 and then this year's previous
116-155 base. In the meantime, resistance comes from 117-037/117-047 but likely
needs a move back above 117-072 before any real improvement will follow.
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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.