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(U1) New Contract Low


NASDAQ Open Friday & Monday

(Z18) 200-dma Anchors *RES.....>

AUSSIE 10-YEAR TECHS: (Z18) 200-dma Anchors
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4069 - Short-term uptrend beginning Aug 13
*PRICE: 97.2900 @ 15:17 GMT, Oct 22
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
After a strong close on Friday, prices stuck to their recent range Monday,
leaving the technical picture largely unchanged. This prompted the contract to
trade either side of the 200-dma for an ninth consecutive session, keeping a
breakout contained for now. Momentum needs to pick up to dictate whether the
next leg will be higher or lower. A bullish move needs to close above the
97.3424 100-dma but may run into resistance at 97.3200. Any break lower will
test the next key support levels at the early June lows of 97.145. A break below
there could open a move toward the 97.050 printed in May.