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(Z9) 50-dma cracks *RES 4:......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) 50-dma cracks
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-20+ 1.0% 10-dma envelope
*RES 1: 120-13 Sep 4 High
*PRICE: 118-177 @ 11:10 BST, Sep 13
*SUP 1: 118-17+ Pullback Low
*SUP 2: 118-122 Pivot level
*SUP 3: 117-317 76.4% 117-08-120-13
*SUP 4: 117-23+ 100-dma
The retracement extended Thursday, taking out the 50-dma in the process and
weakening the outlook further. New cycle/pullback lows now sit at 118-17+, with
the pivot level just a few ticks below now key support. A break through here
would turn the near-term outlook outright bearish, shifting attention to 117-317
Fib support. The recent sell-on-rallies theme continues to hurt the bullish
argument, making recent highs at 120-13 look out of sight for now.

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