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(U9) Further cycle highs.......>

US 10YR FUTURE TECHS: (U9) Further cycle highs depend on the Fed
*RES 4: 131-00 November 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-11+ Upper Bollinger band (2%)
*RES 1: 127-29 Cycle highs
*PRICE: 127-09+ @ 11:11 BST, Jun 19
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-26/01 50-dma/May 21 low
*SUP 3: 123-24/23+ 38.2% 117-13+-127-21/100-dma
*SUP 4: 122-30 May 3 low
Dovish Draghi sent 10yr futures to cycle (and multi-year) highs up at 127-29
Tuesday, but prices have moderated slightly this morning, leaving fresh highs
entirely dependent on the Fed decision later today. Yesterday's rally saw bulls
top key Fib resistance and multi-year highs at 127-26+/28+, shifting the upside
targets to 128-11+ and 130-08+ above there. Should momentum flag, near-term
support sits at 126-17+ and a fall below here opens 125-27+ and the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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