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(U9) Consolidating trend *RES...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Consolidating trend
*RES 4: 122-28+    Jun 24 2016 high
*RES 3: 121-21+    Nov 9 2016 high
*RES 2: 120-00     Psychological level
*RES 1: 119-192    Aug 7 high
*PRICE: 119-03     @ 10:25 BST, Aug 12
*SUP 1: 117-307/08 50-dma/Post Fed Low
*SUP 2: 116-27     100-dma
*SUP 3: 116-12     May 30 low
*SUP 4: 115-23/12  50% 111-26+ - 119-192/200-dma
Pullbacks off last week's cycle high have so far remained shallow, which keeps
the longer-term uptrend intact. Today's candle formation is a bullish engulfing,
technical and momentum indicators also continue to generate bullish sentiment. A
topside break of the psychological 120-00 level would extend the uptrend towards
the Nov 9 2016 high at 121-21+. Former trendline resistance-turned-support comes
in around 118.12 today, below here returns the focus to the 100-dma at 116-27.

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