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(H3)‌‌ Bear Threat Remains Present

US 10YR FUTURE TECHS
  • RES 4: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 3: 115-14 50% Aug - Oct Downleg
  • RES 2: 114-23/115-11+ High Dec 19 / 13 and the bull trigger
  • RES 1: 113-13 20-day EMA
  • PRICE: 112-09 @ 10:58 GMT Dec 30
  • SUP 1: 112-04 Low Dec 28
  • SUP 2: 111-27+ 61.8% retracement of the Nov 3 - Dec 13 rally
  • SUP 3: 111-01 76.4% retracement of the Nov 3 - Dec 13 rally
  • SUP 4: 110-22 Low Nov 10

Treasury futures remain soft and the contract traded lower this week, extending the pullback from 115-11+, the Dec 13 high and key resistance. The move lower has resulted in a print below support at 112-11+, the Nov 21 low. A clear break of this level would open 111-27+, a Fibonacci retracement. On the upside, the 20-day EMA, at 113-16, marks a firm resistance. A break is required to ease the current bearish pressure.

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