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(U9) Rallies sold *RES 3:.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Rallies sold
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-00 Psychological level
*RES 1: 119-272 Aug 26 high
*PRICE: 119-172 @ 11:46 BST, Aug 29
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-122/117-08 50-dma/Post Fed Low
Markets clearly remain in sell rallies mode, pressuring five year futures off
the highs yesterday and respecting the week's range. This does little to change
the technical outlook, which looks largely neutral for now. Upside progress
still looks hampered by bullish exhaustion, suggesting there's little appetite
to challenge 120-00 without further impetus. However, the medium-term uptrend
still persists, pointing to targets at 121-21+. As long as markets stay above
the 118-122 pivot level, the outlook should remain positive.
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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