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(U18) 50-DMA Support Remains...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) 50-DMA Support Remains Key
*RES 4: 122-19 High Feb 2 (Continuation chart) 
*RES 3: 121-04 200-dma 
*RES 2: 121-03 High May 30 
*RES 1: 120-24 High Aug 22 
*PRICE: 120-10 @ 05:37 GMT 
*SUP 1: 119-27 Former range top, now support 
*SUP 2: 119-22 100-DMA (U18 contract) 
*SUP 3: 119-12 Hourly low Aug 8 
*SUP 4: 119-02 Low Aug 1 
10-year futures extended their recovery from 50-dma support yesterday, keeping
the outlook neutral for now. Bears continue to target the 119-27 former range
top and a break below here opens the 100-dma (U18 contract) at 119-22, ahead of
the August lows at 119-02. A break above the Aug 22 high of 120-24 is now
required to turn the picture bullish again, but momentum is working against such
a move currently.

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