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(U18) Major Resistance.........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Major Resistance Forming at 119-24 
*RES 4: 120-135/150 Jul 5, Jun 28 & May 31 highs 
*RES 3: 120-080 Jul 17, Jul 18 highs 
*RES 2: 119-320 Jul 10, Jul 16 lows, now resistance 
*RES 1: 119-240 50-DMA & 100-DMA 
*PRICE: 119-140 @19:05GMT 
*SUP 1: 119-080 Jul 27 low 
*SUP 2: 119-060 Jun 14 low 
*SUP 3: 118-295 Jun 13 low 
*SUP 4: 118-215/225 1% volatility band, 76.4% 117-300/121-030 
Rebounds have so far remained limited, with major moving average (50-DMA and
100-DMA) now converging at the 119-24 level to form significant resistance just
above the top of the recent range. Failure ahead of this resistance zone will
keep the overall technical picture bearish. A break below the initial 119-08
support will then put the focus on the June low at 118-295. Daily momentum
remains bearish.

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