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‌‌(H3)‌‌ Just Shy of Bull Trigger

US 10YR FUTURE TECHS
  • RES 4: 116-00 Round number resistance
  • RES 3: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 low
  • RES 2: 115-11+/18+ High Dec13, bull trigger / 2.0% 10-dma env
  • RES 1: 115-07+ High Jan 12
  • PRICE: 114-26+ @ 11:21 GMT Jan 12
  • SUP 1: 113-13 50-day EMA
  • SUP 2: 112-18+/111-28 Low Jan 5 / Low Dec 30 and the bear trigger
  • SUP 3: 111-27+ 61.8% retracement of the Nov 3 - Dec 13 rally
  • SUP 4: 111-01 76.4% retracement of the Nov 3 - Dec 13 rally

Treasury futures firmed Thursday through volatile trade, with the high print at 115-07+ just shy of the bull trigger. Markets still appear bullish and the contract is holding on to the bulk of its recent gains. Price has cleared the 100-dma to strengthen the short-term bullish condition. The focus is on 115-11+, the Dec 13 high and a bull trigger. On the downside, initial support lies at 113-13, the 50-day EMA. A move below this average would be bearish and expose support at 112-18+, Jan 5 low, and the bear trigger at 111-28, the Dec 30 low.

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