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(Z18) Downtrend Intact Below...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Downtrend Intact Below 119-00
*RES 4: 120-18 Descending trendline (off May and Aug highs) 
*RES 3: 119-22/27 100-dma/Former range top (Jul/Aug) 
*RES 2: 119-18 50% 120-24-118-11 
*RES 1: 119-00 High Oct 28 
*PRICE: 118-22+ @ 06:54 GMT, Oct 2 
*SUP 1: 117-29+ April 2011 low (Continuous contract) 
*SUP 2: 117-22 February 2011 low (Continuous contract) 
*SUP 3: 117-05+ 76.4% Retracement of 111-12+ to 135-29 
*SUP 4: 115-46 61.8% Retracement of 103-20+ to 135-29 
The downtrend remains intact below the 119-00 level which bulls were unable to
take out on two separate occasions last week. Bears target a break of the 118-10
level, before challenging next support at 117-29+ from the April 2011 low
(Continuous contract). Bulls need to overcome 119-00 to shift the short-term
outlook neutral, opening the 50% retracement level at 119-18, ahead of the
100-dma & Former rage top (Jul/Aug) at 119-22/27.

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