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(H4) Corrective Pullback Finds First Support

US 10YR FUTURE TECHS
  • RES 4: 115-00+ 2.236 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 3: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • RES 2: 114-00 Round number resistance
  • RES 1: 113-12+ 1.764 proj of the Oct 19 - Nov 3 - Nov 13 price swing
  • PRICE: 112-07+ @ 11:07 GMT Jan 04
  • SUP 1: 111-31+/28 20-day EMA / Low Jan 03
  • SUP 2: 111-09+ High Dec 7
  • SUP 3: 109-31+ Low Dec 11 and key short-term support
  • SUP 4: 110-24+ 50-day EMA

The corrective pullback in Treasuries found its first support Wednesday, with prices steadying at the 20-day EMA of 111-31+. The level slowed any further decline and has allowed for a modest recovery ahead of the Thursday crossover. Nonetheless, prices are again fading, raising the focus on that key support. More broadly, the technical picture remains positive following the price sequence of higher highs and higher lows into December-end. Sights are on 113-12+, a Fibonacci projection point.

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