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(U9) Multi-year highs *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Multi-year highs
*RES 4: 131-23+    Sep 30 2016 high
*RES 3: 131-00     Nov 9 2016 High
*RES 2: 130-08+    76.4% 134-07+ - 117-13+
*RES 1: 129-25+    Intraday high
*PRICE: 129-18     @ 10:48 BST, Aug 5
*SUP 1: 127-11/00+ 50-dma/Jul 31 low
*SUP 2: 125-17     100-dma
*SUP 3: 125-06+    May 30 low
*SUP 4: 125-04+    38.2% 117-13+-128-25+
The risk-averse theme underpinned treasuries with the 10-Yr printing multi year
highs of 129-25+. Channel top resistance has so far contained ahead of the key
130-00 psychological level. Any move through here would see technical indicators
stretched, suggesting the potential of a sharp reversal. Bears need to clear the
50-dma & Jul 31 low on a closing basis, before returning the focus to the
100-dma.

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