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(H1)‌‌ Sixth Consecutive Down Day

US 10YR FUTURE TECHS
  • RES 4: 137-19+ Low Dec 16
  • RES 3: 137-08+ Low Dec 2
  • RES 2: 137-00 Round number resistance
  • RES 1: 136-26+ Low Nov 11 and recent break out level
  • PRICE: 136-02 @ 16:15 GMT Jan 12
  • SUP 1: 136-00 Round number support
  • SUP 2: 135-10+ 23.6% March Sell-Off
  • SUP 3: 135-08 23.6% 2018-2020 Rally
  • SUP 4: 133-21 Low Mar 19

Treasuries secured the sixth consecutive session of losses Tuesday, a losing streak not seen since mid-October. 136-04+ gave way, marking the 1.00 projections of the Nov 5 - 11 sell-off from the Nov 30 high. This opens key Fib supports at 135-08/135-10+ which provide some support. Initial resistance is seen at 136-26+, ahead of the 137-00 handle. Short-term gains would be considered a correction.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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