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(Z18) Aug 1 Lows In Sight......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Aug 1 Lows In Sight
*RES 4: 120-24 High Aug 22 
*RES 3: 120-20 Descending trendline (off May and Aug highs) 
*RES 2: 119-27 55-DMA 
*RES 1: 119-27 Former range top (Jul/Aug) 
*PRICE: 119-11+ @ 6:52 GMT 
*SUP 2: 119-06 Low Aug 8 
*SUP 3: 119-02 Low Aug 1 
*SUP 4: 118-22+ Low May 22 
*SUP 4: 118-00 Low May 17
Bears are asserting their dominance following last week's weak close, with the
Aug 1 low now firmly in sight at 119-06. Below here opens up a return to the May
lows and suggests a continuation of the broader bearish trend in 10-year
futures. Bulls need to recover the 55-dma at 119-27 to shift the outlook back to
neutral.

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