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Free Access(Z17) Decline Continues........>
US 30YR FUTURE TECHS: (Z17) Decline Continues After Loss of 5 Month Support Line
*RES 4: 156-02 Sep 12 high
*RES 3: 155-04 Sep 25 high
*RES 2: 154-11 Sep 26 low, now resistance
*RES 1: 153-07/16 Hourly resistance, Sep 20 low
*PRICE: 152-07 @0952GMT
*SUP 1: 152-01/04 Intraday low, 76.4% Fibo of 150-07/158-09
*SUP 2: 151-18 Jul 7 low
*SUP 3: 150-31 2% volatility band
*SUP 4: 150-18 61.8% Fibo of 145-26/158-09
*COMMENTARY* Recovery failed to make the most of the move above 155-00, stopping
at 155-04, before once again yielding to downside pressure. The subsequent fall
below the 153-16/153-12 area then stimulating a loss of the 5 month rising
support line at 152-22. This now sees 152-04/152-01 as support and protection
against a further 151-18 fall. In the interim, resistance from 153-07/154-11 now
bars the way to that still important 155-04 level.
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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.