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Free Access(Z17) Bulls Need Close Above...>
US 10YR FUTURE TECHS: (Z17) Bulls Need Close Above 125-230
*RES 4: 126-050 - High Sept 20
*RES 3: 126-040 - High Sept 25, 55-DMA
*RES 2: 125-230 - Low Sept 25 now resistance
*RES 1: 125-190 - High Oct 4
*PRICE: 125-120 @ 0130GMT
*SUP 1: 125-060 - Low Oct 4
*SUP 2: 125-010 - Low Oct 3
*SUP 3: 124-280 - Low July 12
*SUP 4: 124-210 - Bollinger band base
*COMMENTARY: The lack of downside follow through resulted in a bounce back
towards the key 125-230 resistance with bears taking comfort in the contract
topping out at 125-190 Tuesday. Bulls still need a close above 125-230 to hint
at a move back to 126-040/090. While 125-230 caps bears retain the upper hand
and initially focus on 124-280/125-010. Momentum has corrected and is well
placed for a fresh leg lower.
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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.