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Free Access(Z17) Pressuring Key Support....>
US 5YR FUTURE TECHS: (Z17) Pressuring Key Support
*RES 4: 117-180 - Hourly support Oct 13 now resistance
*RES 3: 117-170 - 21-DMA
*RES 2: 117-155 - Hourly resistance Oct 16
*RES 1: 117-127 - Hourly resistance Oct 17
*PRICE: 117-110 @ 0930GMT
*SUP 1: 117-090 - Low Oct 9
*SUP 2: 117-057 - Bollinger band base
*SUP 3: 117-035 - Low July 7
*SUP 4: 116-045 - Daily Bear TL
*COMMENTARY: The failure ahead of 117-212 resistance has seen the contract
correct lower with pressure back on the key 117-090 support. Bears continue to
look for a close below 117-090 to end talk of a correction higher and see
immediate focus back to 117-035 and overall focus on the daily bear TL around
116-270. Initial resistance is noted at 117-127 with bulls needing a close above
to gain breathing room and above117-212 to shift focus to 117-287/118-010.
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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.