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(H19) Bulls Down but Not Out...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H19) Bulls Down but Not Out
*RES 3: 120-20 Aug 22 high
*RES 2: 119-27+ Low Aug 29
*RES 1: 119-19 200-dma
*PRICE: 119-17 @ 16:11 GMT, Dec 3
*SUP 1: 118-17+ 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
The close above the 200-dma Friday was quashed somewhat by the return of risk
appetite early Monday, but price action during the latter half of the session
was far more supportive. The rally back toward the Thursday/Friday highs will
instill further confidence in the bullish argument and another close above the
200-dma will be required to progress from here. This would shift the target to a
break of the 120 level and Aug highs at 120-20. A close below the 200-dma keeps
the short-term outlook bearish with downside focus on the 50-dma at 118-17+,
ahead of the Oct 8 low at 117-13+.

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