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(Z17) 117-047/117-072 Break.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z17) 117-047/117-072 Break Needed To Provide Some Respite
*RES 4: 117-162 Initial low Oct 16, now resistance
*RES 3: 117-137 Oct 19 high
*RES 2: 117-072 Oct 24 high
*RES 1: 117-037/047 Oct 6 low, hourly resistance
*PRICE: 116-312 @1716GMT
*SUP 1: 116-265 Oct 25 low
*SUP 2: 116-175 Dec 15 low
*SUP 3: 116-155 Mar 10 low
*SUP 4: 116-027 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 116-265 on Wednesday,
before some near term oversold conditions allowed a bounce. This has resulted in
a small 'Doji' candle close on the daily chart, which may provide some near term
respite, especially on a break back above 117-047/117-072. Otherwise a loss of
116-265 will negate this opportunity and resume downside focus.

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