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(U9) Monday high still in......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Monday high still in tact
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 131-23+ High Sep 30 2016
*RES 1: 131-19+ Weekly High
*PRICE: 131-05 @ 11:48 BST, Aug 29
*SUP 1: 129-12 Low Aug 8
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-23 50-dma
Despite inching above the Monday open, markets appear more comfortable closer to
the 131-00 handle, leaving the mark as first support. Impetus to shift the
technical outlook either positively or negatively looks absent at present, with
RSI measures suggesting the most likely path from here is sideways. Over the
medium-term, bulls remain on the front foot, with targets at 131-23+ and even
the 2016 highs at 134-07+ a realistic prospect. Support lies at the 130-00
handle initially ahead of the 50-dma at 128-21.
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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