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(Z18) 119 A Bridge Too Far.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 119 A Bridge Too Far
*RES 3: 119-14+/16+ 100-dma/38.2% retracement from 2000 lows to 2012 highs
*RES 2: 119-00 Sep 28 high
*RES 1: 118-27+ Oct 24 High
*PRICE: 118-17+ @ 16:39 GMT, Oct 25
*SUP 1: 118-07 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
US 10-year futures failed to extend their recent move higher Thursday, faltering
ahead of 119-00, the highs from late September. Nevertheless, the near-term
outlook remains positive. A break above the Thursday high at 118-27+ and 119-00
would open up a move to 100-dma and long-term Fibo resistance at 119-15/16+.
Above here would mark a significant improvement in the longer-term outlook.
Bears need to break back below the 21-dma at 118-07 to resume the downtrend and
target the Oct 8 low at 117-13+.

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