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(U9) Another day, another.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Another day, another high
*RES 4: 119-11+ Nov 15 2016 high
*RES 3: 119-03  1.0% 10-dma envelope
*RES 2: 119-01+ Sep 8 2017
*RES 1: 119-00  Intraday high
*PRICE: 118-28  @ 10:38 BST, Aug 5
*SUP 1: 117-08  Post Fed Low
*SUP 2: 116-207 100-dma
*SUP 3: 116-12  May 30 low
Escalating trade tensions triggered risk-averse markets with the 5-Yr printing
fresh multi-year highs of 119-00. The Sep 8 2017 high at 119-01+ remains intact
for now, a break opens the Nov 15 2016 high at 119-11+, ahead of key 120-00
psychological resistance. The outright trend remains bullish, however technical
indicators are starting to look stretched. Former trendline
resistance-turned-support comes in around 118.00 today, below here would see
bears return the focus to post Fed lows at 117-08.

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