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(Z18) Testing Trendline........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Testing Trendline Support
*RES 4: 120-24 High Aug 22
*RES 3: 120-20 Descending trendline (off May and Aug highs)
*RES 2: 119-27+ 100-DMA
*RES 1: 119-27 Former range top (Jul/Aug)
*PRICE: 119-16 @ 10:18 GMT, Sep 11
*SUP 1: 119-14+ Ascending Trendline (off May and Aug lows)
*SUP 2: 119-06 Ascending trendline (off Jun and Aug lows)
*SUP 3: 119-02 Low Aug 1
*SUP 4: 118-29+ Low Jun 13 (Continuous contract)
The 10-Yr contract is testing crucial trendline support at 119-14+ (off May and
Aug lows), a break through which would set up a move to next support at the
bottom of the Jun-Sep trading range at 119-06. Even if the contract holds the
latter, the break of the former implies a much weaker uptrend going forward for
bulls. In the event both fail to hold, bears will eye up support at the lows of
Aug (119-02) and Jun (118-29+, continuous contract).

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