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(Z9) Consolidating *RES 4:......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Consolidating
*RES 4: 119-10+ High Nov 1 and bull trigger
*RES 3: 119-01+ High Nov 4
*RES 2: 118-286 Trendline resistance drawn off Oct 4 high
*RES 1: 118-232 High Nov 7
*PRICE: 118-116 11:13 GMT, Nov 13
*SUP 1: 117-292 Low Nov 7
*SUP 2: 117-222/20 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 firmer today however overall, activity remains consolidative.
Recent weakness resulted in a break of the Sep 13 low of 118-03. The breach of
this level reinforced 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 this
pattern. Weakness below 117-292 would open 117-17+. Resistance is at 118-232.

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