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(Z18) Bearish Trend *RES 4:.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Bearish Trend
*RES 4: 113-22  Top of Triangle beginning May
*RES 3: 113-10/10+ 100-DMA/50-DMA
*RES 2: 113-00  Bottom of Triangle beginning May
*RES 1: 112-68  50% 113-277-112.092
*PRICE: 112-11+ @ 09:15 GMT, Sep 24
*SUP 1: 112-092 Sep 20 low
*SUP 2: 111-092 61.8% retracement from top of 102-26 / 125-00 range in 2007-18
*SUP 3: 109-257 Sep 30 2008 low
*SUP 4: 108-15  2008 lows
Recovery efforts have so far held shallow, suggesting the broader down-trend
remains intact. The 5-Yr future extends to the downside with bears targeting a
break of the 112-00 level, below here opens 111-092 which represents the 61.8%
retracement from top of 102-26 / 125-00 range in 2007-18. Bulls initially need
to reclaim the 100-dma & Aug highs to change the short-term outlook, before
challenging triangle top resistance at 113-22.

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