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(Z17) 116-315/116-290...........>

US 5YR FUTURE TECHS: (Z17) 116-315/116-290 Supports Further Recovery Efforts
*RES 4: 117-207 Oct 13 high, 38.2% Fibo of 119-015/116-252
*RES 3: 117-137 Oct 19 high
*RES 2: 117-102 Oct 16 low, now resistance
*RES 1: 117-097 Oct 30 high
*PRICE: 117-037 @1122GMT
*SUP 1: 116-290/315 Hourly support
*SUP 2: 116-252 Oct 27 low
*SUP 3: 116-175 Dec 15 low
*SUP 4: 116-155 Mar 10 low
*COMMENTARY* Continued pressure saw both the 76.4% Fibo retrace level at 117-020
and the Mar 17 low at 116-295 give way last week. A low of 116-252 on Friday,
after the topside was curtailed by the 117-037 level on Thursday. Has
subsequently rallied on the back of some near term oversold conditions. The move
back above that 117-037 level is encouraging. A hold above 116-315/116-290 would
also help any recovery, which can challenge 117-102/117-137 next.

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