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(U9) In consolidation mode......>

US 5YR FUTURE TECHS: (U9) In consolidation mode
*RES 3: 119-01+ 8 Sep 2017 High
*RES 2: 118-31/317 Sep 7 2017 high/Upper Bollinger Band (3%)
*RES 1: 118-212 61.8% 122-28-111-26+
*PRICE: 117-302 @ 10:51 BST, Jun 21
*SUP 1: 116-142/12 Mar 27 high/May 30 low
*SUP 2: 115-21+/03+ 100-dma/May 3 low
*SUP 3: 114-30 50% 111-26+-118-012
Having cracked above resistance layered between 118-00-05 on Thursday, the onus
still points higher, but price action has paused somewhat ahead of the final
CBOT open of the week. Prices have consolidated back below the 118-00 handle,
giving valuation measures and the RSI some breathing room. Near-term targets for
bulls hold at 118-212 and 118-31. Any failure to cement a rally above 118-00,
however, could trigger a short-term reversal. Bears need to clear the Jun 19 low
at 117-17+, before challenging a run at the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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