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(Z17) Continues Lower After....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z17) Continues Lower After Failure Below 126-055 
*RES 4: 126-105 Broken 6 month support line
*RES 3: 126-045 Sep 25 high
*RES 2: 125-300 Sep 22 high
*RES 1: 125-170/180 Sep 20, 21 lows, now resistance
*PRICE: 125-065 @0936GMT
*SUP 1: 125-020 Intraday low
*SUP 2: 124-255 Jul 6, Jul 7 lows
*SUP 3: 124-170 61.8% Fibo of 122-145/127-285, 1% vol band
*SUP 4: 124-065 Mar 29 low
*COMMENTARY* Downside pressure resumes following the reluctance to take on
126-055 resistance this week. The subsequent move below 125-155 is now
threatening to break below the 50% Fibo retrace level at 125-055. A sustained
loss here and not much to prevent a deeper 124-255 fall. As a result, resistance
comes initially from 125-170/125-300 but that 126-045/126-105 region remains
more important.

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