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(U9) Whipsaw price action......>

US 10YR FUTURE TECHS: (U9) Whipsaw price action
*RES 3: 128-16 10th November 2016 High
*RES 2: 128-15 Upper Bollinger band (2%)
*RES 1: 127-29 YTD High
*PRICE: 127-21+ @ 16:10 BST, Jun 18
*SUP 1: 125-06+ May 30 low
*SUP 2: 124-23+/01 50-dma/May 21 low
*SUP 3: 123-24/22 38.2% 117-13+-127-21/100-dma
Treasury futures broke out of the recent range Tuesday in a particularly
volatile session. Prices slipped above resistance at both 127-26+ and 127-28+ to
hit fresh contract highs before being slammed lower as Trump confirmed a meeting
with his Chinese counterpart at the G20 summit. As the session heads into its
close, prices are creeping back toward the upper end of the range, keeping the
bullish themes in tact ahead of the Fed. Resistance lies at the 2% Bollinger
Band (128-15), bringing further fresh multi-year highs into view at 128-16.
Support kicks in 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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