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(U9) Holds the range *RES 4:...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Holds the range
*RES 4: 134-07+ High Jul 6 2016
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 131-23+ High Sep 30 2016
*RES 1: 131-19+ Weekly High
*PRICE: 131-08 @ 11:17 BST, Aug 28
*SUP 1: 129-12 Low Aug 8
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-20+ 50-dma
*SUP 4: 126-22 100-dma
Tuesday/Wednesday price action remains just within the candle body posted
Monday, leaving the outlook for 10y futures broadly neutral for now. Bulls
remain on the front foot over the medium term, with targets at 131-23+ and even
the 2016 highs at 134-07+ a realistic prospect. Momentum will need to pick up,
however, with markets starting to look comfortable at current levels. Support
lies at the 130-00 handle initially ahead of the 50-dma at 128-20+.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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