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Free AccessMNI Gilt Week Ahead
(Z18) Not Constructive Yet.....>
AUSSIE 10-YEAR TECHS: (Z18) Not Constructive Yet
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.2750 @ 16:13 GMT, Nov 12
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Having failed to find support at the early October lows, 10-year futures
eventually gravitated higher Monday despite little volume or firm trend in
either direction. This adds to the argument that we may see a period of
stabilisation and neutrality in the coming sessions. For bears to regain the
upper hand, a close below the Nov9 lows at 91.19 would renew downside pressure
and open the door to further declines down to 97.1450 and YTD lows below there.
The upside target remains at key Fib retracement at 97.5950 and the 97.62 highs
printed back in April last year.
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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.