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(Z9) Limited recovery *RES 4:...>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Limited recovery
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-157 1.0% 10-dma envelope
*RES 1: 120-13 Sep 4 High
*PRICE: 118-142 @ 11:14 BST, Sep 16
*SUP 1: 118-03 Pullback Low
*SUP 2: 117-317 76.4% 117-08-120-13
*SUP 3: 117-242 100-dma
*SUP 4: 117-08 Low Jul 31
After the drubbing last week, prices have stabilised somewhat, but the onus
remains lower for now. The 50-dma gave way last week, keeping the outlook
negative, with new pullback lows printed at 118-03. This shifts attention to
117-317 Fib support. The recent sell-on-rallies theme continues to hurt the
bullish argument, making recent highs at 120-13 look out of sight for now.

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