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(H3)‌‌ Trend Needle Points North

US 10YR FUTURE TECHS
  • RES 4: 116-11+ 2.0% 10-dma env
  • RES 3: 116-00 Round number resistance
  • RES 2: 115-26 2.00 proj of the Oct 21 - 27 - Nov 3 low
  • RES 1: 115-15+ High Jan 13
  • PRICE: 115-00+ @ 11:28 GMT Jan 18
  • SUP 1: 113-29/18+ 20- and 50-day EMA values
  • 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 maintain a bullish tone and the recent pullback is considered corrective. Price has recently attempted a break of resistance at 115-11+, the Dec 13 high. A clear breach of this hurdle would strengthen bullish conditions, maintain the broader price sequence of higher highs and higher lows and open 115-26, a Fibonacci projection. On the downside, initial support lies at 113-29, the 20-day EMA.

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