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US 10YR FUTURE TECHS:(U18).....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: US 10YR FUTURE TECHS:(U18) Rally Falters Further
*RES 4: 122-19 High Feb 2 (Continuation chart)
*RES 3: 121-06 200-dma
*RES 2: 121-03 High May 30
*RES 1: 120-24 High Aug 22
*PRICE: 120-06 @ 1618 GMT
*SUP 1: 119-27 Former range top, now support
*SUP 2: 119-23 100-DMA (U18 contract)
*SUP 3: 119-12 Hourly low Aug 8
*SUP 4: 119-02 Low Aug 1
Monday's sharp selloff extended into Tuesday trade, denting bullish confidence
further and shifting the focus back to neutral. A break above the Aug 22 high of
120-24 is now required to turn the picture bullish again, but momentum is
working against such a move currently. On the downside, initial support comes in
at 119-27 which marks the former range high. A break below here would undermine
the recent rally and shift the focus back to the downside.

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