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(Z9) Within the downtrend......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Within the downtrend
*RES 3: 133-13 2.0% 10-dma envelope
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 133-04 2% Upper Bollinger Band
*PRICE: 129-03+ @ 11:17 BST, Sep 16
*SUP 1: 128-16 Low Sep 13
*SUP 2: 128-14+ Low Aug 2
*SUP 3: 128-09 76.4% 127-00+ - 132-13
10yr futures stabilised within the downtrend early Monday, but the outlook
remains negative. Any fall through the pullback lows at 128-16 opens levels not
seen since early August and the key Fib support at 128-09. With the 50-dma
giving way last week, markets are open to a further leg lower, but progress
could be slow just days away from the Fed decision Wednesday. For bulls to wrest
control, a recovery back above 130-00 is needed ahead of any test on vol band
resistance.

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