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(Z18) 21-DMA Resistance *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) 21-DMA Resistance
*RES 4: 120-18  Descending trendline (off May and Aug highs)
*RES 3: 119-18+ 100-dma
*RES 2: 119-00  Sep 28 high
*RES 1: 118-16  Low Oct 1, down trendline resistance
*PRICE: 118-04  @ 09:28 GMT, Oct 17
*SUP 1: 117-13+ Low Oct 8
*SUP 2: 116-30  Bear channel bottom (continuation chart)
*SUP 3: 116-20  Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-46  61.8% Retracement of 103-20+ to 135-29
The 21-dma provides near-term resistance and keeps the broader downtrend intact.
Bears target the Oct 8 low at 117-13+, below here brings the bear channel bottom
at 116-30 into play. Bulls need a break of the 21-dma, now at 118-10+, to shift
the short-term outlook more positive, opening the Sep 28 high at 119-00. Above
here would mark a significant improvement in the longer-term outlook.

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