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(Z18) Downtrend Resuming.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Downtrend Resuming
*RES 4: 120-10+ Descending trendline (off May and Aug highs)
*RES 3: 119-08  100-dma
*RES 2: 119-00  Sep 28 high
*RES 1: 118-16+ Oct 1 low
*PRICE: 117-26+ @ 09:17 GMT, Oct 18
*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
The 118 level gave way with ease yesterday, with the downtrend resuming, turning
focus to the Oct 8 low at 117-13+. Below here brings the bear channel bottom at
116-30 into play. Bulls need a break of the 21-dma, now at 118-09, to shift the
short-term outlook more positive, opening the Sep 28 high at 119-00. Above here
would mark a significant improvement in the longer-term outlook.

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