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Free Access(Z3) Bears Remain In The Driver’s Seat
- RES 4: 109-20 High Sep 19
- RES 3: 108-26+ 50-day EMA
- RES 2: 107-12+/108-16 20-day EMA / High Oct 12
- RES 1: 106-15+ High Oct 18
- PRICE: 106-00+ @ 17:12 BST Oct 20
- SUP 1: 105-10+ Low Oct 19
- SUP 2: 104-27+ 2.0% 10-dma envelope
- SUP 3: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
- SUP 4: 104-17+ Low Jul’07
Treasuries trade higher into the Friday close, however are still nursing sharp losses on the week. The contract remains closer to its recent lows. Key support at 106-03+, the Oct 4 low, has been breached, confirming a resumption of the downtrend. The move down has exposed the 2.0% 10-dma envelope support of 104-27+. Key short-term trend resistance has been defined at 108-16, Oct 12 high, where a break is required to highlight a base. Initial firm resistance is at 107-12+, the 20-day EMA.
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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.