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(H19) Consolidation Pattern.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H19) Consolidation Pattern
*RES 4: 114-222    May 30 high
*RES 3: 114-19+    38.2% 119-01+-111-277
*RES 2: 114-04+    May 31 high
*RES 1: 113-277    Aug 22 high
*PRICE: 113-152    @ 10:15 GMT, Dec 12
*SUP 1: 112-272/18 50% 111-277-113-26+/50-dma
*SUP 2: 111-26+    Oct 8 ten-year low
*SUP 3: 111-07+    Oct 14 2008 low
*SUP 4: 110-29+    50% 96-25+-125-01+
*SUP 5: 108-15     2008 lows
Having rallied to near 4-month highs of 113-26+, 5-year futures have paused to
hold in a consolidation pattern. Bulls need a break of the Aug 22 high at
113-277 to build on recent momentum, opening the May 31 high at 114.04+. Bears
need to clear the 50% fibo & 50-dma at 112-272/18 to regain control, opening a
deeper correction toward the Oct 8 ten-year low at 111-07+.

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