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(Z9) Bearish Focus *RES 4:......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Bearish Focus
*RES 4: 119-10+ High Nov 1 and bull trigger
*RES 3: 119-01+ High Nov 4
*RES 2: 118-30+ Trendline resistance drawn off Oct 4 high
*RES 1: 118-232 High Nov 7
*PRICE: 118-022 11:16 GMT, Nov 11
*SUP 1: 117-292 Low Nov 7
*SUP 2: 117-222/212 Low July 31 / Bear channel base drawn off Oct 4 high
*SUP 3: 117-17+ 1.236 projection of Sep 4 - Sep 13 decline from Oct 4 high
*SUP 4: 117-066 1.382 projection of Sep 4 - Sep 13 decline from Oct 4 high
5yr futures are consolidating following last weeks rout. The sell-off resulted
in a break of the Sep 13 low of 118-03. The breach of this level reinforces the
overall bearish theme and also highlights the confirmation of a broad double top
reversal pattern on the daily chart. Admittedly some additional bearish follow
through is required to reinforce the confirmation of this pattern. Weakness
below last weeks 117-292 would open 117-17+. Resistance is at 118-232.

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