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(H19) Consolidation Above......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H19) Consolidation Above 120
*RES 3: 122-19/21  50% 127-28+-117-13+/Feb 6 high
*RES 2: 121-12/13+ May 30 high/38.2% 127-28+-117-13+
*RES 1: 120-27+    High Dec 6
*PRICE: 120-12+    @ 10:34 GMT, Dec 7
*SUP 1: 118-21+    50-dma
*SUP 2: 117-13+    Oct 8 low
*SUP 3: 116-20     Breakout target from triangle pattern (continuation chart)
US Tsy futures surged to fresh 7-month high of 120-27 yesterday, before profit
take sales eased. Consolidation above 120-00 keeps the shorter-term outlook
positive with bulls next target at 121-12/13+ from the May 30 high & 38.2%
retracement level, above here opens the Feb 6 high at 122-21. Bears need a close
back below the 200-dma at 119-18 to regain control, focusing on a break of the
50-dma at 118-21+, ahead of the Oct 8 low at 117-13+.

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