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(Z9) Fed fails to stimulate....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Fed fails to stimulate breakout
*RES 3: 133-04+ High Jul 29 2016
*RES 2: 132-16+ 2% Upper Bollinger Band
*RES 1: 132-11 2.0% 10-dma envelope
*PRICE: 129-12 @ 11:12 BST, Sep 19
*SUP 1: 128-16 Low Sep 13
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-09 76.4% 127-00+ - 132-13
Despite the Fed decision, Treasuries had a surprisingly muted session Wednesday.
The Fed declined to rock the boat in any material way, keeping the technical
outlook unchanged. This keeps the Tuesday lows as first support at 128-31, with
a fall through here opening 128-16. As the 50-dma has given way, markets are
open to a further leg lower, but progress may slow from here. For bulls to wrest
control, a recovery back above 130-00 is needed ahead of any test on vol band
resistance.
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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