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Free Access(Z17) Unable To Sustain A......>
US 10YR FUTURE TECHS: (Z17) Unable To Sustain A Break of 125-135 Fibo Resistance
*RES 4: 126-015 50% Fibo of 127-285/124-060
*RES 3: 125-255 Oct 13 high
*RES 2: 125-195 38.2% Fibo of 127-285/124-060
*RES 1: 125-150/160 Nov 7, Oct 19 highs
*PRICE: 124-290 @1150GMT
*SUP 1: 124-265 Hourly support
*SUP 2: 124-230 Nov 1 low
*SUP 3: 124-155 Hourly basing area Oct 25-26
*SUP 4: 124-060/065 Oct 25, Mar 29 lows
*COMMENTARY* Unable to sustain a break above the 76.4% Fibo retrace level at
125-135. A high of 125-150 so far and still have resistance from between
125-160/125-195 to navigate, before the way is clear for a 125-255 return.
Support has again gradually crept higher, the loss of last Friday's 125-005 low
is a concern, although recent upside momentum is still protected by the lower
124-230/124-155 region.
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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.