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(Z9) Lower levels remain on.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (Z9) Lower levels remain on the cards
*RES 4: 122-28+ High Jun 24 2016
*RES 3: 121-21+ High Nov 9 2016
*RES 2: 120-24+ 1.0% 10-dma envelope
*RES 1: 120-13 Sep 4 High
*PRICE: 118-30 @ 11:03 BST, Sep 12
*SUP 1: 118-21+ Low Aug 13
*SUP 2: 118-122 Pivot level
*SUP 3: 118-207/117-08 50-dma/Post Fed Low
*SUP 4: 117-22+ 100-dma
The retracement continues, with prices edging to fresh lows of 118-247, keeping
the outlook neutral for now. 118-21+ remains first support, with 120-00 the
topside level. The recent sell-on-rallies theme continues to hurt the bullish
argument, making recent highs at 120-13 look out of sight for now. A close below
the 118-122 pivot level would switch the outlook outright bearish.

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