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(Z9) Bearish outlook could.....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Bearish outlook could be cemented post-payrolls
*RES 3: 134-07+ High Jul 6 2016
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 132-23 3% Upper Bollinger Band
*PRICE: 131-04 @ 11:33 BST, Sep 6
*SUP 1: 129-12 Low Aug 8
*SUP 2: 129-02+ 50-dma
*SUP 3: 128-14+ Low Aug 2
Recent downside pressure extended late yesterday following the stellar
non-manufacturing ISM number and a better payrolls report today could see that
weakness persist. This brings key support at the 129-28-130-00 levels into view,
with the 50-dma just below at 129-02+. Any fall through here would cement a
bearish outlook, but the proximity to the Fed decision in a few weeks' time
makes a reversal in either direction unlikely without a catalyst. For bulls to
wrest control, a recovery back above 132-00 is needed ahead of any test on vol
band resistance at 132-23.

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