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(H19) Consolidation Phase.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (H19) Consolidation Phase
*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: 113-19     @ 10:30 GMT, Dec 17
*SUP 1: 112-272/27 50% 111-277-113-26+/100-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+
Volumes have so far remained light with the 5-yr held to narrow range trade. A
topside break of the Dec 9 & Aug 22 highs at 113-26+/113-277 would further
strengthen the bulls case, opening the May 31 high & 38.2% retracement level at
114.04+19+. Bears need to clear the 50% fibo & 100-dma at 112-272/27 to change
the outlook, opening a deeper correction toward the Oct 8 ten-year low at
111-07+.

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