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(Z18) Down Trendline...........>

US 10YR FUTURE TECHS: (Z18) Down Trendline Resistance Holds
*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: 118-03 @ 10:18 GMT, Oct 12
*SUP 1: 117-13+ Low Oct 8
*SUP 2: 116-30 Bear channel bottom (continuation chart)
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-46 61.8% Retracement of 103-20+ to 135-29
Focus returns to the downside following the failure to break back above the Oct
1 high and down trendline resistance at 118-16. Bears look to take out the Oct 8
low at 117-13+ to extend the bearish trend towards the bear channel bottom at
116-30. Bulls remain focused on the Oct 1 low, which needs to be taken out to
shift the outlook positive.

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