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Free Access(Z9) Maintains Losses on.......>
US 10YR FUTURE TECHS: (Z9) Maintains Losses on Friday Pullback
*RES 3: 132-13 Contract high, Sep 3
*RES 2: 132-07+ High Sep 5
*RES 1: 132-01 High Oct 4
*PRICE: 130-05 @ 14:34 GMT, Oct 14
*SUP 1: 129-26 Low Oct 11
*SUP 2: 129-20 Low Oct 1 and key near-term support
*SUP 3: 129-12 Low Sep 20
Treasuries held Friday's losses on the whole in a quiet Monday, holding below
the 50-dma and re-engaging downside targets at 129-20 and, ultimately, the
100-dma at 128-26+. This negates the decent bullish signal last week on the rise
through 131-15+. Over the longer-term, the needle does continue to point higher,
but the contract high at 132-13 is a distant thought. Bulls now need to break
132-13 to confirm a resumption of the primary uptrend and open Fibonacci
projections at 132-22 and 132-30+. 100-dma is the downside target.
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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.