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(H0) Fed Induced Bounce *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Fed Induced Bounce
*RES 4: 130-17+ High Nov 1
*RES 3: 130-16 61.8% of the Oct 7 - Nov 7 decline
*RES 2: 130-04+ High Dec 3 and bull trigger
*RES 1: 129-14+ High Dec 6
*PRICE: 129-06 @ 11:27 GMT, Dec 12
*SUP 1: 128-21 Low Dec 6
*SUP 2: 128-14+ 76.4% retracement of the Nov 7 to Dec 3 rally
*SUP 3: 128-11+ Low Nov 13
*SUP 4: 128-03+ Low Nov 12
10yr futures found support yesterday following the generally dovish Fed
decision. The rally fell short of breaching 129-14+. As such, a bearish focus
remains in place following the sell-off that unfolded on Dec 4 high. The
subsequent move lower resulted in a low print of 128-21 on Dec 6 and breached
former support at 128-23+, Dec 2 low negating the bullish early December rally.
The break lower has exposed 128-14+ next, 76.4% of the Nov 7 to Dec 3 rally.

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