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(Z18) Bulls Need to Break 113...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Bulls Need to Break 113
*RES 4: 113-17/22 200-dma/Top of Triangle beginning May
*RES 3: 113-017   100-DMA
*RES 2: 113-00    Bottom of Triangle beginning May
*RES 1: 112-27    50% 113-277-111-26+
*PRICE: 112-17+   @ 10:20 GMT, Oct 30
*SUP 1: 111-07+   Oct 14 2008 low
*SUP 2: 110-30    61.8% 102-26-125-00
*SUP 3: 109-042   Sep 30 2008 low
*SUP 4: 108-15    2008 lows
The 5-Yr future holds in a consolidation phase but has so far failed to make a
convincing break of the 113-00 level. Below here keeps the longer-term downtrend
intact with bears targeting the Oct 14 2008 low at 111-07+ and 110-30 which
represents the 61.8% retracement of 102-26-125-00. Bulls initially need to
reclaim the 200-dma to change the short-term outlook, before targeting triangle
top resistance from May at 113-22.

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