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(Z0) Finds Support

US 5YR FUTURE TECHS
  • RES 4: 126-006 76.4% retracement of the Sep 30 - Oct 7 sell-off
  • RES 3: 125-316 High Oct 5
  • RES 2: 125-30+ 61.8% retracement of the Sep 30 - Oct 7 sell-off
  • RES 1: 125-29 50-day EMA
  • PRICE: 125-28+ @ 11:21 BST Oct 14
  • SUP 1: 125-23+ Low Oct 13
  • SUP 2: 125-202 Low Oct 7 and the bear trigger
  • SUP 3: 125-16+ 1.00 proj of Aug 4 - 13 sell-off from Sep 3 high
  • SUP 4: 125-112 1.236 proj of Aug 4 - 13 sell-off from Sep 3 high
5yr futures rallied yesterday signalling a potential reversal of the recent decline between Sep 30 and Oct 7. Futures are testing a band of resistance between 125-28+ and 125-29, the 20- and 50-day EMAs. Clearance of this zone would strengthen the short-term bullish argument and together with this week's gains, open 125-316, Oct 5 high. Initial support is at 125-23+, yesterday's low. The reversal trigger is at 125-202, Oct 7 low.

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