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(Z18) Bearish Outlook *RES.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bearish Outlook
*RES 4: 120-20  Aug 28 high
*RES 3: 119-26  200-dma
*RES 2: 119-12+ 100-dma
*RES 1: 119-00  Sep 28 high
*PRICE: 118-05  @ 10:26 GMT, Nov 5
*SUP 1: 117-13+ Oct 8 low
*SUP 2: 116-20  Breakout target from triangle pattern (continuation chart)
*SUP 3: 115-26  61.8% Retracement of 103-20+ to 135-15+
*SUP 4: 114-21  Aug 7 2007 low
The 21-dma gave way on Friday which saw the 10-Yr print multi-year lows of
117-13+. The outlook remains bearish with focus turning towards the breakout
target from the triangle pattern at 116-20. Below here opens the long-term 61.8%
retracement level at 115-26, ahead of the multi-year low target at 114.21. Bulls
need to recover the 21-dma to stabilise the outlook and close back above 119 to
re-establish control and challenge the 100 & 200-dma's at 119-12+/26.

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