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(H2)‌‌ Appears Vulnerable

US 10YR FUTURE TECHS
  • RES 4: 132-16 High Sep 23
  • RES 3: 132-00 Round number resistance
  • RES 2: 131-21 High Sep 24
  • RES 1: 131-19 High Dec 20
  • PRICE: 130-19+ @ 11:40 GMT Dec 22
  • SUP 1: 130-17/07+ Low Dec 21 and intraday low / Low Dec 13 / 15
  • SUP 2: 139-31 Low Dec 8
  • SUP 3: 129-24 61.8% retracement of the Nov 24 - Dec 3 rally
  • SUP 4: 128-22+ Low Nov 24 and key support

Treasuries are trading at this week’s lows and appear vulnerable near term following yesterday’s sell-off and the recent failure at confirming a clear break of resistance at 131-16, the Dec 3 high. A resumption of weakness would expose support at 130-07+, the Dec 13 / 15 low. Clearance of this support would open 129-31, the Dec 8 low. Key resistance and the bull trigger has been defined at 131-19, Dec 20 high.

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