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(U9) Remains in the range......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U9) Remains in the range
*RES 4: 131-00 Nov 9 2016 High
*RES 3: 130-08+ 76.4% 134-07+ - 117-13+
*RES 2: 128-14 Jul 3 high
*RES 1: 128-02 Upper Bollinger band (2%)
*PRICE: 127-13+ @ 11:11 BST, Jul 30
*SUP 1: 127-00+/15+ 50-dma/Jun 11 low
*SUP 2: 125-06+ May 30 low
*SUP 3: 125-09+ 100-dma
*SUP 4: 124-05+/01 May 21 low/38.2% 117-13+-128-14
Having failed to take out 128-00 in recent weeks, Treasury futures continue to
show signs of bullish exhaustion. This makes 128-00 a firm target for bulls,
which may have a tough time hitting the mark unless the Fed really come out
swinging. The continued hold above former trendline resistance-turned-support
drawn off the May 3 low remains encouraging, but the effect has faded in recent
sessions. The May 30 low provides interim support at 125-06+.

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