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(Z9) Closing In On Contract.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Closing In On Contract High
*RES 4: 120-22 1.500 projection of rally between Sep 13 - Sep 24 from Oct 1 low
*RES 3: 120-172 1.382 projection of rally between Sep 13 - Sep 24 from Oct 1 low
*RES 2: 120-13 Contract high Sep 4 and bull trigger
*RES 1: 120-09+ High Oct 3
*PRICE: 120-05+ 10:16 GMT, Oct 7
*SUP 1: 119-23 Low Oct 3
*SUP 2: 119-102 Low Oct 2
*SUP 3: 118-25 Low Oct 1 and key support *SUP 4: 118-15 Low Sep 19
US 5YR bullish conditions remain in place following the concerted drive higher
late last week. The future has cleared the 76.4% retracement of Sep 4 - Sep 13
decline, at 119-27+. This has exposed the contract high of 120-13 ahead of
today's NFP release. A break of 120-13 would confirm a resumption of the uptrend
and open 120-172 and 120-22, both Fibonacci projection levels. Friday's low of
119-23 marks initial support.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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