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(H3)‌‌ Stalls At The Day High

US 10YR FUTURE TECHS
  • RES 4: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 3: 115-03 1.764 proj of the Oct 21 - 27 - Nov 3 price swing
  • RES 2: 115-00 High Sep 19
  • RES 1: 114-26 Intraday high
  • PRICE: 113-23 @ 13:42 GMT Dec 2
  • SUP 1: 112-26+ 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 have sold off sharply following today’s jobs data. For now, a pullback is considered corrective and attention turns to support at 112-26+, the 50-day EMA. This represents an important support. If breached, it would expose key trend support at 112-11+, the Nov 21 low where a break would confirm a stronger reversal. Today’s high of 114-26 is the trigger for a resumption of the recent bull leg.

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