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(U9) GDP proves ineffective....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) GDP proves ineffective
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-15+ Upper Bollinger band (3%)
*RES 1: 128-14 Jul 3 high
*PRICE: 127-09+ @ 15:12 BST, Jul 26
*SUP 1: 126-28+/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-06 100-dma
128-00 looks a decent cap at present, with bulls needed to break and consolidate
above that mark to trigger a decent leg higher. Significant moves in either
direction are unlikely ahead of the FOMC meeting next week, evident in the lack
of sustained reaction to Friday's GDP release. A clean break of 128-00 would
reignite upside momentum, returning the focus to the Jul 3 high & 3% upper
Bollinger band at 128-15+/18. Any move through here opens the potential of a
return to 131-00. The May 30 low provides interim support at 125-06+.

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