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(H1)‌‌ Sold Through Key Support

US 10YR FUTURE TECHS
  • RES 4: 137-20+ High Jan 27 and the bull trigger
  • RES 3: 137-09/10+ 50-day EMA / High Jan 29
  • RES 2: 137-02 High Feb 11 amd key resistance
  • RES 1: 136-15 High Feb 15
  • PRICE: 135-28+ @ 16:25 GMT Feb 16
  • SUP 1: 135-27+ Low Feb 16
  • SUP 2: 135-25 76.4% of the rally between Mar - Aug 2020
  • SUP 3: 135-16 1.00 proj of Jan 4 - Jan 12 sell-off from Jan 27 high
  • SUP 4: 135-00 1.236 proj of Jan 4 - Jan 12 sell-off from Jan 27 high

Treasuries slipped further Tuesday, edging below the bear trigger at Jan 12's 136-01 low. This reinforces the bearish theme and confirms a resumption of the downtrend that started in August 2020. This initially opens 135-25+, 76.4% retracement of the rally between Mar - Aug 2020. Initial key trend resistance has been defined at 137-02, Feb 11 high.

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