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(U9) 50-dma countering Fed.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) 50-dma countering Fed pressure
*RES 4: 131-00 Nov 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-14 Jul 3 high
*RES 1: 127-23 Upper Bollinger band (2%)
*PRICE: 127-09+ @ 11:07 BST, Aug 1
*SUP 1: 127-04+ 50-dma
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-12 100-dma
*SUP 4: 124-05+/01 May 21 low/38.2% 117-13+-128-14
50-dma support looks more important than ever for Treasury futures, with
Fed-inspired downside pressure failing to conquer the mark and Thursday seeing a
decent bounce off the level. The Sep contract struck a new weekly high/low at
127-22+/127-00+ Wednesday, and markets will need to break this range to trigger
any momentum in either direction.

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