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(H1)‌ Looking For Weakness

US 10YR FUTURE TECHS
  • RES 4: 139-19+ High Nov 6
  • RES 3: 138-12 High Nov 9
  • RES 2: 138-08 High Nov 20 / 30 and bull trigger
  • RES 1: 137-31+ High Dec 8
  • PRICE: 137-23 @ 11:31 GMT Dec 10
  • SUP 1: 137-07+ Low Dec 4 and the bear trigger
  • SUP 2: 137-05 76.4% retracement of the Nov 11 - 30 rally
  • SUP 3: 136-26+ Low Nov 11 and key support
  • SUP 4: 136-22 0.764 proj of Nov 5 - 11 sell-off from Nov 30 high

Treasuries are unchanged and continue to trade above recent lows of 137-07+, Dec 4 low. The recent correction higher appears to have found resistance at 137-31+, Tuesday's high. A bearish outlook remains intact and further weakness would signal scope for a move towards 137-05, a Fibonacci retracement ahead of 136-26+, the Nov 11 low and key support. On the upside, key resistance has been defined at 138-08, the Nov 20 and 30 high.

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