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(U18) Still Range-Bound *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U18) Still Range-Bound
*RES 4: 122-19 High Feb 2 (Continuation chart)
*RES 3: 121-025 200-DMA
*RES 2: 121-03 High May 30
*RES 1: 120-22 Descending trendline (off May and Aug highs)
*PRICE: 120-095 @ 10:25 GMT
*SUP 4: 120-015 50-DMA
*SUP 2: 119-27 Former range top, now support; also 200-DMA
*SUP 3: 119-275 100-DMA (U18 contract)
*SUP 4: 119-135 Ascending trendline (off May and Jul lows)
10-year futures remain range-bound between daily moving averages and within a
narrowing pair of trendlines, with the 200-DMA at 121-025 representing upside
resistance if the contract can break the near-term downtrend which began Aug 22,
at 120-15. The ascending trendline, which forms the bottom of the current
trading range, comes in at 119-135; support also comes in at 120-015, the
50-DMA.

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