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(H3)‌‌ Trend Needle Points North

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 High Dec 2
  • PRICE: 114-15+ @ 11:00 GMT Dec 5
  • SUP 1: 113-21+/112-29 Low Dec 2 / 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 sold off following Friday’s jobs data but found support at the day low. Short-term pullbacks are considered corrective with support at 112-29, 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. Friday’s high of 114-26 is the trigger for a resumption of the uptrend.

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