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(Z18) Bears Remain In Charge...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Bears Remain In Charge 
*RES 4: 120-18 Descending trendline (off May and Aug highs) 
*RES 3: 119-27 Former range top (Jul/Aug) 
*RES 2: 119-17+ 100-DMA 
*RES 1: 119-10+ High Sep 18 
*PRICE: 118-22 @ 05:48 GMT, Sep 20 
*SUP 1: 117-29+ April 2011 low (Continuous contract) 
*SUP 2: 117-22 February 2011 low (Continuous contract) 
*SUP 3: 117-05+ 76.4% Retracement of 111-12+ to 135-29 
*SUP 4: 115-46 61.8% Retracement of 103-20+ to 135-29 
After reaching as low at 118-16 yesterday, a slight recovery has ensued, but
will will need to recovery the Sep 18 high of 119-10+ to materially improve the
outlook. With the downtrend intact bears focus remains on the April 2011 low
(Continuous contract) at 117-29+, ahead of the Feb 2011 low (Continuous
contract) at 117-22. 

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