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Free Access(Z17) 124-255 The Next Key.....>
US 10YR FUTURE TECHS: (Z17) 124-255 The Next Key Support Level
*RES 4: 126-045 Sep 25 high
*RES 3: 125-275 Congestion area Sep 22-25
*RES 2: 125-200 Sep 29 high
*RES 1: 125-170 Sep 20 low, now resistance
*PRICE: 125-035 @0812GMT
*SUP 1: 124-300 Oct 2 low
*SUP 2: 124-255 Jul 6, Jul 7 lows
*SUP 3: 124-170 61.8% Fibo of 122-145/127-285
*SUP 4: 124-095 1% volatility band
*COMMENTARY* Downside pressure continued following the reluctance to take on
126-055 resistance last week. The 50% Fibo retrace level at 125-055 has
subsequently given way, a low of 124-300 so far, as we head towards the next
support of note from 124-255. As a result, resistance falls as well, now
initially from 125-170/125-200 but back above the congested 125-275 region is
likely needed, before any real recovery can take place.
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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.