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(U9) Pressure Still to the......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Pressure Still to the Upside
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-00 Psychological level
*RES 1: 119-20 Aug 15 high
*PRICE: 118-29+ @ 11:42 BST, Aug 23
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-077/117-08 50-dma/Post Fed Low
*SUP 4: 117-047 100-dma
Having failed to break back above the 119-16 mark on Friday, we have drifted
lower throughout the week. However, the medium-term uptrend still persists and
as long as we stay above the 118-122 pivot level the outlook will remain
positive. Immediate upside focus remains on the key 120-00 psychological level
which is expected to hold protection. Former trendline resistance-turned-support
comes in around 118-26+ today.

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