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(U18) Bearish Near-Term........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Bearish Near-Term Momentum
*RES 4: 122-19 High Feb 2 (Continuation chart)
*RES 3: 121-02 200-DMA
*RES 2: 121-03 High May 30
*RES 1: 120-22 Descending trendline (off May and Aug highs)
*PRICE: 120-03 @ 17:25 GMT
*SUP 4: 120-01 50-DMA
*SUP 2: 119-275 Former range top, now support
*SUP 3: 119-27 100-DMA (U18 contract)
*SUP 4: 119-12 Ascending trendline (off May and Jul lows)
Short-term momentum is bearish for 10-year futures, with the downtrend in place
since the May 121-03 high capping the Sep18 contract. The near-term downtrend
which began Aug 22 at 120-15 also appears to have presented resistance. Looking
lower, the 50-DMA at 120-01 is being tested; the ascending trendline, which
forms the bottom of the current trading range, comes in at 119-12.

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