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(H9) Uptrend Gathers Steam.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H9) Uptrend Gathers Steam
*RES 4: 122-24+ 50% 128-03+ - 117-13+
*RES 3: 122-19/21 50% 127-28+-117-13+/Feb 6 high
*RES 3: 121-16/121-16+ 38.2% 128-03+ - 117-13+/Down Trendline
*RES 2: 121-12/13+ May 30 high/38.2% 127-28+-117-13+
*PRICE: 120-24+ @ 15:55 GMT, Dec 6
*SUP 1: 119-21+ 200-dma
*SUP 2: 118-21 50-dma
*SUP 3: 117-13+ Oct 8 low
*SUP 4: 116-20 Breakout target from triangle pattern (continuation chart)
Treasury futures extended the recent uptrend Thursday, helping lift prices
through the August highs to print the best levels for over six months. This
lifts the first upside targets to 121-12 and 121-16 above there. For bears to
regain control, markets need a close back below the 200-dma at 119-21+ to shift
focus lower, which would bring the 50-dma at 118-21 into view, ahead of the Oct
8 low at 117-13+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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