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(Z18) Downside Support Looms....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Downside Support Looms Large
*RES 4: 113-227 Top of Triangle beginning May
*RES 3: 113-05 Sep 5 low, 100-DMA/50-DMA
*RES 2: 113-012 Bottom of Triangle beginning May
*RES 1: 112-30+ Aug 1 low
*PRICE: 112-28 @ 10:11 GMT, Sep 11
*SUP 1: 112-25+ May 17 low
*SUP 2: 112-12+ June 2009 low (Continuous contract)
*SUP 3: 111-092 61.8% retracement from top of 102-26 / 125-00 range in 2007-18
*SUP 4: 108-15 Lows of 2008
The 5-Yr contract has broken lower through key support at the bottom of the
triangle formation it has been trading in since May. Given the failed retest of
that trendline support-turned-resistance Monday, the bears are in control. They
will be looking at support at the 112-25+ May 17 low, then at the 112-12+ June
2009 low (Continuous contract) followed by 111-092 61.8% retracement from top of
102-26 / 125-00 range in 2007-18.

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