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(U9) Off Cycle highs *RES 4:....>

US 5YR FUTURE TECHS: (U9) Off Cycle highs
*RES 4: 122-28+   Jun 24 2016 high
*RES 3: 121-21+   Nov 9 2016 high
*RES 2: 120-00    Psychological level
*RES 1: 119-192   Aug 7 high
*PRICE: 119-012   @ 10:48 BST, Aug 8
*SUP 1: 117-08    Post Fed Low
*SUP 2: 116-242   100-dma
*SUP 3: 116-12    May 30 low
*SUP 4: 115-23/10 50% 111-26+ - 119-192/200-dma
Treasuries remained on the front foot yesterday, the 10-Yr printed fresh cycle
highs of 119-192 before fading at the close. Technical indicators are looking
stretched and yesterday's candle was a shooting star, which is a bearish
reversal pattern. Former trendline resistance-turned-support comes in around
118.00 today, below here would return the focus to post Fed lows at 117-08.
Bulls target a break of the psychological 120-00 level to extend the uptrend.

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