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US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Builds On Constructive Wednesday Close
*RES 4: 120-18 Descending trendline (off May and Aug highs)
*RES 3: 119-15+ 100-dma
*RES 2: 119-00 Sep 28 high
*RES 1: 118-16 Low Oct 1, down trendline resistance
*PRICE: 118-06 @ 15:27 GMT, Oct 11
*SUP 1: 116-30 Bear channel bottom (continuation chart)
*SUP 2: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 3: 114-82 Nov 1 2016 high, now support
Prices largely held yesterday's bullish close, underpinning a print up at 118-12
in Asia-Pacific trading hours, which flips the short-term outlook largely
neutral after the strong sell-off mid-last week. Down trendline resistance from
the mid-August high is coming into focus following the Wednesday equity rout. A
break above the trendline would suggest a retest of the Sep 28 highs at 119-00.
A close above would shift the outlook outright bullish. Bears need take out
Monday's low of 117-13+ to extend the broader downtrend.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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