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(U9) Cycle highs back in view...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Cycle highs back in view
*RES 3: 121-21+ Nov 9 2016 high
*RES 2: 120-00 Psychological level
*RES 1: 119-192 Aug 7 high
*PRICE: 119-11 @ 11:35 BST, Aug 15
*SUP 1: 118-002/117-08 50-dma/Post Fed Low
*SUP 2: 116-292 100-dma
*SUP 3: 116-12 May 30 low
Having recovered in their entirety the initial Wednesday losses, five-year
futures look to return focus to the recent cycle highs at 119-192, with bulls
holding the upper hand. The minor pullback mid-week based ahead of 118-20 and
this keeps the longer-term uptrend intact. Monday's candle pattern was a bullish
engulfing, technical indicators continue to generate a bullish bias. Immediate
upside focus returns to the Aug 7 ytd high and key 120-00 psychological level
which is expected to hold protection. Former trendline resistance-turned-support
comes in around 118.05 today.

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