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(Z0) Consolidating But Outlook Remains Bullish

US 5YR FUTURE TECHS
  • RES 4: 126-08+ High Aug 10
  • RES 3: 126-072 76.4% retracement of the Aug 4 - 28 sell-off
  • RES 2: 126-06+ High Sep 3 and the bull trigger
  • RES 1: 126-036 High Sep 17
  • PRICE: 126-016 @ 11:18 BST, Sep 25
  • SUP 1: 125-292 Low Sep 16
  • SUP 2: 125-25+ Low Sep 4
  • SUP 3: 125-216 Low Aug 28 and the bear trigger
  • SUP 4: 125-166 1.00 proj of Aug 4 - 14 sell-off from Sep 3 high

5yr futures remain unchanged and have still not been able to establish a clear move higher.Despite this, a bullish outlook remains intact with attention on 126-036, Sep 17 high and the more pertinent resistance at 126-06+, Sep 3 high. Clearance of this latter level would open the July highs of 126-12+. On the downside key near-term support lies at 125-25+, Sep 4 low. A break would expose 125-216, Aug 28 low, also a key support.

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