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(Z18) 100-dma Dictates *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 100-dma Dictates
*RES 3: 120-20 Aug 22 high
*RES 2: 119-27+ Low Aug 29
*RES 1: 119-21+ 200-dma
*PRICE: 119-07+ @ 11:10 GMT, Nov 27
*SUP 1: 118-16 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
10-year futures oscillated around the 100-dma for the seventh consecutive
session Wednesday, keeping ranges tight and price action capped in either
direction. An upside breakout would need to be predicated by a break of the
38.2% retracement from 93-21+ - 135-15+ and the 200-dma at 119-16+/21+. A break
above here would target the Aug 29 low at 119-27+ ahead of the Aug 22 high at
120-20. Bears look for a close below the 50-dma at 118-16 to regain the upper
hand, returning focus to the Oct 8 low at 117-13+, ahead of the breakout target
from the triangle pattern at 116-20.

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