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(H1) Tests Key Resistance

US 5YR FUTURE TECHS
  • RES 4: 126-086 High Nov 11
  • RES 3: 126-05+ High Nov 6
  • RES 2: 126-022 76.4% retracement of the Nov 5 - 11 sell-off
  • RES 1: 126-016 High Nov 9 and 30 and the intraday high
  • PRICE: 126-006 @ 12:18 GMT Dec 11
  • SUP 1: 125-276 20-day EMA
  • SUP 2: 125-24+ Low Dec 9
  • SUP 3: 125-21+ Low Dec 4
  • SUP 4: 125-20+ Low Dec 2 and the near-term bear trigger
5yr futures are firmer today and have cleared initial resistance at 125-316, Dec 8 high. This has improved the near-term outlook for bulls and attention turns to resistance at 126-016, Nov 9 / 30 high and the bull trigger. Note, this level has been tested today. A break would represent an important technical breach and highlight a reversal, signalling scope for a 126-05+, Nov 6 high and beyond. On the downside, firm S/T support has been defined at 125-24+.

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