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(Z18) Moving Off Bottom Of......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z18) Moving Off Bottom Of Triangle
*RES 4: 114-22 May 30 High
*RES 3: 113-27 Aug 22 high
*RES 2: 113-23 Top of Triangle beginning May
*RES 1: 113-14+/113-15 100-DMA/50-DMA
*PRICE: 113-09 @ 10:27 GMT
*SUP 1: 113-05 Sep 5 low
*SUP 2: 113-012 Bottom of Triangle beginning May
*SUP 4: 112-30+ Aug 1 low
*SUP 3: 112-25 May 17 low
The Dec18 contract has consolidated since late August, but Wednesday stopped
just short of testing the bottom of the triangle (at 113-012) in which it has
been trading since May. While consolidation remains the short-term theme, the
medium-term uptrend remains intact, with immediate support at the 113-05
September low. On the upside, bulls will have to contend with resistance at 50-
and 100-DMA both around 113-15 before testing the top of the triangle at 113-23.

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