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(Z18) Nearing Bottom Of........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Nearing Bottom Of Trading Range
*RES 4: 120-24 High Aug 22
*RES 3: 120-20 Descending trendline (off May and Aug highs)
*RES 2: 119-27 Jul-Aug range top
*RES 1: 119-25+ 100-DMA
*PRICE: 119-21 @ 17:49 GMT, Sep 7
*SUP 1: 119-14+ Ascending trendline (off May and Aug lows)
*SUP 2: 119-02 Low Aug 1
*SUP 3: 118-30 Low Jun 13
*SUP 4: 118-10+ Low May 17
The sharp drop Friday will encourage bears assuming the contract can close
around current levels below 100-DMA resistance at 119-25+. The 10-Yr faces a
test of support at the bottom of its narrowing 3-month trading range at 119-14+,
a break of which would represent significant chart damage with losses to 119-02
in the first instance.

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