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(Z18) Giving Back Some Gains...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Giving Back Some Gains
*RES 4: 121-12+ High May 31 
*RES 3: 120-20 Aug 28 high 
*RES 2: 119-27+ Low Aug 29 
*RES 1: 119-23 200-dma 
*PRICE: 119-05+ @ 06:46 GMT, Nov 21 
*SUP 1: 118-15+ 50-dma 
*SUP 2: 117-13+ Oct 8 low 
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart) 
*SUP 4: 115-26 61.8% Retracement of 103-20+ to 135-15+ 
10-year futures failed to extend gains yesterday despite the large drop in US
stocks, but the uptrend remains intact above the 50-dma at 118-15+. Bulls focus
on the 200-dma at 119-23, a break of which would target the Aug 29 low at
119-27+. Bears look for a close below the 50-dma at 118-15+ 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.

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