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(Z9) Double Top Reversal?.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Double Top Reversal?
*RES 4: 119-10+ High Nov 1 and bull trigger
*RES 3: 119-016 Trendline resistance drawn off Oct 4 high
*RES 2: 119-01+ High Nov 4
*RES 1: 118-232 High Nov 7
*PRICE: 118-05 11:31 GMT, Nov 8
*SUP 1: 117-292 Low Nov 7
*SUP 2: 117-222 Low July 31
*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 quieter today after yesterday's rout. Yesterday's sell-off
resulted in a break of Tuesday's 118-132 low and more importantly, a break of
the Sep 13 low of 118-03. While price has since returned above 118-03, the break
is significant in that it highlights a broad double top reversal pattern on the
daily chart. Weakness below yesterday's low of 117-292 would signal an extension
of the downtrend and open 117-17+. Resistance is at 118-232.

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