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(U18) Sellers Ahead of 113-24...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U18) Sellers Ahead of 113-24
*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: 113-197 @ 09:10 GMT
*SUP 1: 113-16 50% Retracement of Recent Recovery
*SUP 2: 113-127 Aug 6 high
*SUP 3: 113-045 Aug 8 low
*SUP 4: 112-305 Aug 1 Low
Active sellers above 113-24 have so far contained, shifting the short term focus
back to neutral. Bulls need a close above 113-277 to regain confidence and
challenge the late May contract highs at 114-152. Near-term support is seen from
the Aug 16 low at 113-16, in the event of a correction, holding 113-147 would
maintain the positive technical picture. Below here, a break of the 50%
retracement level is needed to shift the short-term outlook.

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