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(Z9) Firming into the Fed.......>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Firming into the Fed
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-13 Sep 4 High
*RES 1: 120-05 1.0% 10-dma envelope
*PRICE: 118-237 @ 11:44 BST, Sep 18
*SUP 1: 118-03 Pullback Low
*SUP 2: 117-317 76.4% 117-08-120-13
*SUP 3: 117-262 100-dma
*SUP 4: 117-08 Low Jul 31
After the drubbing last week, prices remain in a holding pattern that's held
well into the Fed decision later today. After the 50-dma gave way last week, the
outlook shifted negative, but this has flipped back to neutral pre-FOMC.
Attention remains on the 117-317 Fib support to re-trigger any bearish price
action. The recent sell-on-rallies theme continues to hurt the bullish argument,
making recent highs at 120-13 look out of sight for now.
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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