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UK100 – breach of a trending support line that has been tested at least twice before.

UK100 has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 4 days and suggests a target line to be around 7028.6791 within the next 7 hours.

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After experiencing a 0.72% bearish move in the space of 2 days, nobody knows where 10 year US Treasury Note SEPTEMBER 2021 is headed.

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We expect RU to trend upwards today with a 85.71% chance.

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