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(U18) Resuming Downtrend *RES...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Resuming Downtrend
*RES 4: 114-01 Jun 27 high
*RES 3: 113.444 61.8% 114.157-112.29
*RES 2: 113-292 May 31 high
*RES 1: 113-277 Aug 22 high
*PRICE: 113-145 @ 09:10 GMT
*SUP 1: 113-117 Aug 29 low
*SUP 2: 113-045 Aug 8 low
*SUP 3: 112-305 Aug 1 Low
*SUP 4: 112-915 61.8% 112.147-114.157
The 5-year futures closed lower for the fifth consecutive session yesterday to
keep the downside trend intact. Despite a minor recovery this morning in Europe,
the short term outlook has shifted back to neutral with near-term support from
the Aug 29 low at 113-117. Below here opens the Aug 8 low at 113-045, ahead of
the 61.8% retracement level at 112-915. Bulls need a close above 113-277 to
regain confidence and challenge the late May contract highs at 114-152.

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