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(U9) Bought on dips *RES 4:....>

US 10YR FUTURE TECHS: (U9) Bought on dips
*RES 4: 131-00 November 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-07+ Upper Bollinger band (2%)
*RES 1: 128-08+ Cycle high Jun 20
*PRICE: 127-26 @ 16:36 BST, Jun 27
*SUP 1: 125-06+/11+ May 30 low/50-dma
*SUP 2: 124-04/01 38.2% 117-13+-128-08+/May 21 low
*SUP 3: 124-03 100-dma
*SUP 4: 122-30 May 3 low
Having printed up at 128-08 Tuesday, 10yr futures retreated further from cycle
highs Wednesday before recovering slightly Thursday. This resulted in a new
weekly low for Treasury futures at 127-12, but key support remain unchallenged.
The medium-term outlook remains positive for now as bullish studies look for the
break of 128-08+ needed to cement the uptrend. On the downside any break of
127-00 could trigger a short term reversal back toward the May 30 low & 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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