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(Z18) Price Action Squashed....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Price Action Squashed by Long-Term Fibo
*RES 3: 120-20 Aug 22 high
*RES 2: 119-27+ Low Aug 29
*RES 1: 119-19+ 200-dma
*PRICE: 119-05+ @ 16:06 GMT, Nov 27
*SUP 1: 118-15+ 50-dma
*SUP 2: 117-13+ Oct 8 low
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Tuesday trade held well within recent ranges with a mere 6 ticks separating the
session high and low. To the upside, prices are capped by the 38.2% retracement
from 93-21+ - 135-15+ and 200-dma at 119-16+/19+. A break above here would
target the Aug 29 low at 119-27+ ahead of the Aug 22 high at 120-20. 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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