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(Z17) 117-037 Becomes Pivotal...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) 117-037 Becomes Pivotal To Any Recovery Hopes
*RES 4: 117-137 Oct 19 high
*RES 3: 117-072 Oct 24 high
*RES 2: 117-037 Oct 6 low, Oct 26 high
*RES 1: 117-015 Oct 23 low, now resistance
*PRICE: 116-285 @1110GMT
*SUP 1: 116-252 Intraday low
*SUP 2: 116-175 Dec 15 low
*SUP 3: 116-155 Mar 10 low
*SUP 4: 115-307 1% volatility band
*COMMENTARY* Continued pressure has seen both the 76.4% Fibo retrace level at
117-020 and the Mar 17 low at 116-295 give way. A low of 116-252 at the time of
writing, after the topside was curtailed by the 117-037 level on Thursday. Has
again become oversold on a near term basis, this time 117-015 provides the
immediate barrier but 117-037 remains the key to any corrective/recovery
potential. Below 116-252 and not much to prevent eventual 116-175/116-155 fall.

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