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(U9) 50-dma Underpins *RES 4:...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) 50-dma Underpins
*RES 4: 119-01+     Sep 8 2017 High
*RES 3: 118-302/31  Upper Bollinger Band (3%)/Sep 7 2017 high
*RES 2: 118-212     61.8% 122-28-111-26+
*RES 1: 118-12/13   Jul 3 high/Jun 25 high
*PRICE: 117-17+     @ 10:17 BST, Jul 17
*SUP 1: 117-08+/06+ Jun 11 low/50-dma
*SUP 2: 116-12      May 30 low
*SUP 3: 116-072     100-dma
*SUP 4: 115-032     50% 111-26+-118-13
5-Yr futures remain locked in a narrow 117-118 range, searching for a break. The
close below former trendline resistance-turned-support and recent rejection off
the Jul 3 high at 118-12, seen adding weight. The 50-dma comes in today at
117-06+, with a break here opening a resumption of the downtrend towards the
100-dma & May 23 low at 116.072/00. The Jul 11 high provides initial resistance
at 117-277.

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