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‌‌(H3)‌‌ Fresh Trend High Print

US 10YR FUTURE TECHS
  • RES 4: 116-12 2.0% 10-dma envelope
  • RES 3: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 2: 115-14 50% Aug - Oct Downleg
  • RES 1: 115-11 Intraday high
  • PRICE: 114-30 @ 16:33 GMT Dec 13
  • SUP 1: 113-22+/113-06+ Low Dec 122 / 50-day EMA
  • SUP 2: 112-11+ Low Nov 21 and a key short-term support
  • SUP 3: 112-05+ Low Nov 14
  • SUP 4: 110-22 Low Nov 10

Treasury futures rallied following Tuesday’s CPI release. The move higher resulted in a print above resistance at 115-06+, the Dec 7 high and the bull trigger. A clear break of this resistance would confirm a resumption of the current uptrend and pave the way for a climb towards 115-26, a Fibonacci projection. On the downside, key short-term support has been defined at 113-22+, the Dec 12 low.

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