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(H1)‌ Tests Near-Term Key Resistance

US 10YR FUTURE TECHS
  • RES 4: 138-30 High Nov 5 and a reversal trigger
  • RES 3: 139-19+ High Nov 6
  • RES 2: 138-12 High Nov 9
  • RES 1: 138-08 High Nov 20, Intraday high and bull trigger
  • PRICE: 138-05 @ 16:09 GMT Nov 30
  • SUP 1: 137-23 Low Nov 25 and key near-term support
  • SUP 2: 137-18 Low Nov 17
  • SUP 3: 137-14+ Low Nov 16
  • SUP 4: 137-06+ Low Nov 12

Treasuries tested resistance at 138-08 Monday, Nov 20 high and the near-term bull trigger. A break higher would signal scope for a stronger recovery and expose resistance at 138-12, Nov 9 high. Recent gains continue to be viewed as a likely correction of the sharp sell-off between Nov 5 - 11. Initial support lies at 137-23, Nov 23 low where a break would signal a possible top and expose 137-14+ initially.

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

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