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(U9) Cycle high *RES 4:.........>

US 5YR FUTURE TECHS: (U9) Cycle high
*RES 4: 121-21+ Nov 9 2016 high
*RES 3: 120-00  Psychological level
*RES 2: 119-11+ Nov 15 2016 high
*RES 1: 119-10+ Intraday high
*PRICE: 119-06+ @ 10:42 BST, Aug 6
*SUP 1: 117-08  Post Fed Low
*SUP 2: 116-232 100-dma
*SUP 3: 116-12  May 30 low
Treasuries remain on the front foot with the 10-Yr printing fresh cycle highs.
Pullbacks have so far remained shallow to keep the longer-term uptrend intact.
Bulls target the key resistance level at 120-00, with a break here opening the
Nov 9 2016 high at 121-21+. The outlook remains bullish, however technical
indicators are now 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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