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(H9) Holding Pattern *RES 3:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Holding Pattern
*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: 121-02+ Dec 19 high
*PRICE: 120-27+ @ 16:03 GMT, Dec 19
*SUP 1: 119-19 200-dma
*SUP 2: 119-08/06 100-dma, Oct 26 high
*SUP 3: 117-13+ Oct 8 low
Bulls clearly remain in control, with Wednesday price action failing to trouble
the Tuesday, or weekly, lows, but a consolidation theme has been prevalent ahead
of the key FOMC rate decision. Daily technical indicators point to further
gains, bringing the May 30 high & 38.2% retracement level at 121-12/13+ into
view. A downside break of the ascending trendline at 120-06 is needed to return
the outlook neutral, opening a run at the 200 & 100-dma's at 119-19 & 119-08
respectively.

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