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(H2)‌‌ Recovery Exposes Resistance

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: 131-16 High Dec 3 and bull trigger
  • PRICE: 131-03+ @ 12:06 GMT Dec 17
  • SUP 1: 129-31 Low Dec 8
  • SUP 2: 129-24 61.8% retracement of the Nov 24 - Dec 3 rally
  • SUP 3: 128-22+ Low Nov 24 and key support
  • SUP 4: 128-00 Round number support

Treasuries traded higher yesterday and the contract is holding onto its gains. Key resistance is unchanged at 131-16, Dec 3 high where a break is required to confirm a short-term bullish trend structure that would open the 132-00 handle. Key short-term support has been defined at 129-31, the Dec 8 low. A break of this level would instead be bearish and signal scope for a deeper sell-off.

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