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(Z18) Bears In Control *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bears In Control
*RES 3: 119-26 200-dma
*RES 2: 119-12+ 100-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 118-06+ @ 16:27 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+
The 21-dma failed to provide support Friday which saw the 10-yr bottom out at
117-31+. The outlook remains bearish despite a modest bounce Monday, with
downside focus turning to 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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