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Free Access(Z17) 118-172 Reaction Can......>
US 5YR FUTURE TECHS: (Z17) 118-172 Reaction Can Provide Intraday Direction
*RES 4: 119-220 50% 121-215/116-155, 61.8% 122-285/116-155
*RES 3: 119-025/030 50% 121-215/116-155,8 week bull channel
*RES 2: 118-310/320 Apr 17, May 18 highs
*RES 1: 118-285 Sep 6 high
*PRICE: 118-230 @1000GMT
*SUP 1: 118-192/195 Hourly support, Sep 6 low
*SUP 2: 118-172 Sep 3 high, now support
*SUP 3: 118-135 Sep 5 low
*SUP 4: 118-095/115 Sep 1 low, 8 week rising support line
*COMMENTARY* Still basically trading within the 8 week bull channel, a high of
118-285 seen on Wednesday, as we head back towards the Apr & May highs between
118-310/118-320. The channel top and the 50% Fibo retrace level are in the
slightly higher 119-025/119-030 region. As a result, support now comes initially
from 118-195/118-192, although the lower 118-172 area currently provides a
stronger back up below. Loss here would caution.
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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.