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US 5YR FUTURE TECHS: (Z18)......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: US 5YR FUTURE TECHS: (Z18) Shallow Recovery
*RES 4: 113-22    Top of Triangle beginning May
*RES 3: 113-10/12 100-DMA/50-DMA
*RES 2: 113-00    Bottom of Triangle beginning May
*RES 1: 112-72    50% 113-277-112.172
*PRICE: 112-21    @ 09:20 GMT, Sep 18
*SUP 1: 112-12+   June 2009 low (Continuous contract)
*SUP 2: 111-092   61.8% retracement from top of 102-26 / 125-00 range in 2007-18
*SUP 3: 109-257   Sep 30 2008 low
*SUP 4: 108-15    2008 lows
Having touched fresh cycle lows of 112-172 yesterday, recovery efforts have so
far remained shallow suggesting the recent downtrend remains intact. Bears look
to support at 112-12+ from the June 2009 low (Continuous contract), below here
opens 111-092 which represents the 61.8% retracement from top of 102-26 / 125-00
range in 2007-18. Bulls initially need to reclaim the 100-dma & Aug highs to
change the short-term outlook, before targeting triangle top resistance.

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