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(U9) Extends post-Fed...........>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Extends post-Fed weakness
*RES 4: 118-31 Sep 7 2017 high
*RES 3: 118-212 61.8% 122-28-111-26+
*RES 2: 118-12/13 Jul 3 high/Jun 25 high
*RES 1: 117-192 50-dma
*PRICE: 117-157 @ 10:59 BST, Aug 1
*SUP 1: 117-08 Post Fed Low
*SUP 2: 116-18 100-dma
*SUP 3: 116-12 May 30 low
*SUP 4: 115-032 50% 111-26+ - 118-13
Bond markets clearly didn't get what they were looking for at Wednesday's Fed
meeting, with the mere 25bps cut and a reluctance to commit to further easing
pressing US Treasury prices lower. The move's extended throughout the European
morning, putting bears on track to continue to print multi-month lows (post-Fed
react was 117-08). A slip and close below here would open the 100-dma at 116-18
below key Fib support at 117-02+.

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