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(Z18) Constructive Above.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Constructive Above 100-dma
*RES 3: 120-20 Aug 22 high
*RES 2: 119-27+ Low Aug 29
*RES 1: 119-21+ 200-dma
*PRICE: 119-10+ @ 17:28 GMT, Nov 28
*SUP 1: 118-16 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Powell gave Treasuries a leg-up Wednesday and a close above the 100-dma today
will go a long way to repairing the bullish argument that's weakened over the
past two weeks. This shifts the upside targets to the 38.2% retracement from
93-21+ - 135-15+ and the 200-dma at 119-16+/21+. A break above here would target
the Aug 29 low at 119-27+ ahead of the Aug 22 high at 120-20. Bears look for a
close below the 50-dma at 118-16 to regain the upper hand, returning focus to
the Oct 8 low at 117-13+, ahead of the breakout target from the triangle pattern
at 116-20.
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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