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(Z9) Focus On 100-DMA At.......>

MNI (London)
US 10YR FUTURE TECHS: (Z9) Focus On 100-DMA At 129-09+
*RES 4: 132-13 Contract high, Sep 3
*RES 3: 132-07+ High Sep 5
*RES 2: 131-24 High Oct 10
*RES 1: 130-23 50-dma
*PRICE: 129-30 @ 14:54 GMT, Oct 17
*SUP 1: 129-16+ Intraday low
*SUP 2: 129-12 Low Sep 20
*SUP 3: 129-09+ 100-dma
*SUP 4: 128-16 Low Sep 13
10yr futures still contained below the 50-dma with focus on the 100-dma at
129-09+. This level also coincides with a support line from July 16. The fast
10-day momentum study is pointing firmly lower and still well above extreme
oversold levels - implying risks are skewed lower. Bulls now need to break
132-13 to confirm a resumption of the primary uptrend and open Fibonacci
projections at 132-22 and 132-30+.

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