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MNI US MARKETS ANALYSIS - Tsys Firmer Ahead of Early Close
(Z17) Now Testing Key..........>
US 10YR FUTURE TECHS: (Z17) Now Testing Key 126-180 Support Area
*RES 4: 127-230 Sep 7 high
*RES 3: 127-175 Hourly recovery high Sep 8
*RES 2: 127-125 Sep 8 low, now resistance
*RES 1: 127-015/055 Hourly resistance
*PRICE: 126-220 @1022GMT
*SUP 1: 126-180 38.2% of 124-140/127-285, Sep 12 low
*SUP 2: 126-050/065 50% of 124-140/127-285, Aug 23 low
*SUP 3: 125-240 61.8% Fibo of 124-140/127-285
*SUP 4: 125-215 Aug 16 low
*COMMENTARY* Pullback is below the 9 week bull channel base at 126-265. This was
the protection against a deeper correction of the 124-140/127-285 gains seen
since early July. Loss now sees 126-180 as the next key area, beneath which
would open up the prospect of a further 126-065/125-240 fall. In the interim,
nearest resistance from 127-015/127-055, above would ease pressure and allow
some respite.
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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.