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(U9) Post-Fed rally extends....>

US 10YR FUTURE TECHS: (U9) Post-Fed rally extends
*RES 4: 131-00 November 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-15 Upper Bollinger band (2%)
*RES 1: 128-08 Cycle highs
*PRICE: 128-00+ @ 10:53 BST, Jun 20
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-29/01 50-dma/May 21 low
*SUP 3: 123-24/23+ 38.2% 117-13+-127-21/100-dma
*SUP 4: 122-30 May 3 low
The Powell boost evident ahead of the close yesterday crept into the Thursday
session, prompting 10yr futures to print fresh cycle highs up at 128-08. This
week's rally cements bulls as the driving force, with markets shifting
medium-term upside targets higher to key Fib resistance and multi-year highs at
130-08+. Should momentum flag, near-term support sits at 126-17+ and a fall
below here opens 125-27+ and the 50-dma.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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