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(U9) Coiled spring ahead of....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Coiled spring ahead of the Fed
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-14 Jul 3 high
*RES 1: 127-30 Upper Bollinger band (2%)
*PRICE: 127-13 @ 16:06 BST, Jul 30
*SUP 1: 127-02+ 50-dma
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-11 100-dma
Treasury futures still carry a note of bullish exhaustion following the failure
to top 128-00 last week, although that could all change following the Fed
decision in just a few hours time. This makes 128-00 a firm upside target, which
may have a tough time hitting the mark unless the Fed really come out swinging.
The continued hold above former trendline resistance-turned-support drawn off
the May 3 low remains encouraging, but the effect has faded in recent sessions.
The May 30 low provides interim support at 125-06+.

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