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(U9) Stands pat pre-Fed *RES....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (U9) Stands pat pre-Fed
*RES 4: 119-01+ Sep 8 2017 High
*RES 3: 118-31 Sep 7 2017 high
*RES 2: 118-212 61.8% 122-28-111-26+
*RES 1: 118-12/13 Jul 3 high/Jun 25 high
*PRICE: 117-202 @ 10:39 BST, Jul 29
*SUP 1: 117-16/08+ 50-dma/Jun 11 low
*SUP 2: 116-15+ 100-dma
*SUP 3: 116-12 May 30 low
*SUP 4: 115-032 50% 111-26+-118-13
After slipping to 117-13+ last week, 5-year futures have staged a tepid recovery
since then, with markets clearly cautious ahead of the Wednesday Fed decision.
This keeps the 50-dma as key support going forward, and bulls may use this level
as a base before targeting cycle highs of 118-13. Resistance sits at 118-017
before that mark.
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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