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Free Access(Z17) Key 76.4% Fibo Support....>
US 5YR FUTURE TECHS: (Z17) Key 76.4% Fibo Support Level Back Under Pressure
*RES 4: 117-207/212 Oct 13, Oct 4 highs
*RES 3: 117-162 Initial low Oct 16, now resistance
*RES 2: 117-137 Oct 19 high
*RES 1: 117-100 Hourly resistance
*PRICE: 117-022 @1040GMT
*SUP 1: 117-015/020 Intraday low, 76.4% of 116-155/119-015
*SUP 2: 116-295 Mar 17 low
*SUP 3: 116-155 Mar 10 low
*SUP 4: 116-052 1% volatility band
*COMMENTARY* Pressure again coming to bear on the 76.4% Fibo retrace level at
117-020, a low of 117-015 at the time of writing. Sustained break below here,
sees support from the Mar 17 low at 116-295 next, this then protecting the
year's previous 116-155 low, seen a week earlier. In the meantime, resistance is
initially from 117-100 but the 117-137/117-162 region provides a tougher ask of
any near term recovery.
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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.