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Free Access(Z17) Key 117-132 Support.......>
US 5YR FUTURE TECHS: (Z17) Key 117-132 Support Comes Under Pressure Today
*RES 4: 118-010/030 Sep 19 high, broken 6 month support line
*RES 3: 117-295 Sep 26 high
*RES 2: 117-225 Sep 29 high
*RES 1: 117-187 Sep 20,21 lows, now resistance
*PRICE: 117-115 @1007GMT
*SUP 1: 117-090 Intraday low
*SUP 2: 117-020 76.4% Fibo of 116-155/119-015
*SUP 3: 116-295 Mar 17 low
*SUP 4: 116-155 Mar 10 low, 1% volatility band
*COMMENTARY* Having failed to trouble 118-010 resistance, a high of 117-295 last
Tuesday, downside pressure has resumed and the Jul 6 low at 117-132 has come
under pressure today. This seen as the last protection against a greater 117-020
fall. Resistance from 117-187 but likely need a move back above 117-225 however,
before any respite will be forthcoming and allow for some correction of recent
losses from last month's 119-015 high.
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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.