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(Z18) Key Support Being........>

US 10YR FUTURE TECHS: (Z18) Key Support Being Tested
The US 10-year Dec contract is putting key near-term support at the 119-28 level
under pressure, which represents the 50-DMA, just ahead of the pivotal support
at 119-275. A break below here would weaken the near-term technical picture
suggesting a deeper pullback towards 119-205, also challenging the positive
trend developed since the beginning of August. Up trendline support intervenes
at 119-075 currently. Momentum indicators are also turning lower on daily
charts, while intraday momentum has been running negative for several days. A
bounce back above 120-095 is now needed to provide some near-term stability to
the technical picture.

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