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‌‌(H1)‌‌ Finds Resistance Ahead Of 137-00

US 10YR FUTURE TECHS
  • RES 4: 137-21+ 50-day EMA
  • RES 3: 137-07+ Low Dec 4
  • RES 2: 137-00 Round number resistance
  • RES 1: 136-31+ Intraday high
  • PRICE: 136-22+ @ 11:36 GMT Jan 19
  • SUP 1: 136-12 Low Jan 13
  • SUP 2: 136-01 Low Jan 12
  • SUP 3: 135-25+ 76.4% of the Mar - Aug rally
  • SUP 4: 135-08 23.6% 2018-2020 Rally

Treasuries are lower today having found resistance at 136-31+ earlier today. Recent gains are considered a correction that is allowing a recent oversold condition to unwind. Resistance levels to watch are 137-00, a round number resistance and 137-07+, the Dec 4 low. A break above the latter level would allow for a stronger recovery. On the downside, the bear trigger lies at 136-01.

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