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(Z9) Retracement continues.....>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (Z9) Retracement continues
*RES 3: 169-31/03 Low Jul 22 2016/High Sep 28 2016
*RES 2: 167-23 76.4% Fib 177-11 - 136-16
*RES 1: 167-18 Cycle High
*PRICE: 161-00 @ 11:32 BST, Sep 12
*SUP 1: 160-00 50-DMA
*SUP 2: 159-23 Low Aug 8
*SUP 3: 157-02/30 Jul 5 high/ 50% retracement Oct 2018 low to July 2016 high
Prices held their ground Wednesday, somewhat stalling the recent downtrend, but
keeping a resumption on the cards Thursday. There's still a fair bit of room
below before the outlook shifts to bearish, with the close proximity to the
September Fed decision also keeping the medium-term view clouded. This keeps
firmer resistance layered between the 166-29/167-18 levels in tact, which bulls
may find difficulty topping for now. With the August 14 low at 162-15 out of the
way, the 50-dma at 160-00 is the primary downside target.

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