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(H0) Bearish focus *RES 4:.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Bearish focus
*RES 4: 130-17+ High Nov 1
*RES 3: 130-04+ High Dec 3 and bull trigger
*RES 2: 129-14+ High Dec 6
*RES 1: 128-21 Low Dec 6
*PRICE: 128-12+ @ 11:32 GMT, Dec 13
*SUP 1: 127-29 Intraday low
*SUP 2: 127-18+ 1.618 projection of the Oct 3 to Nov 7 low from Dec 3 high
*SUP 3: 127-00 Round number support
*SUP 4: 126-31+ 1.764 projection of the Oct 3 to Nov 7 low from Dec 3 high
10yr futures sold off sharply yesterday reinforcing underlying bearish
conditions. Note too that earlier today, futures traded below the key support at
127-30, Nov 7 low. Despite a current attempt to stage a recovery, the underlying
outlook remains bearish and potential is seen for weakness towards 127-18+, a
Fibonacci projection and the 127-00 level. On the upside, initial resistance is
seen at 128-21, Dec 6 low.

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