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(H4) Corrective Pullback Meeting 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: 112-04 @ 11:24 GMT Jan 03
  • SUP 1: 111-31+/111-29+ Low Dec 14 / 20-day EMA
  • SUP 2: 111-09+ High Dec 7
  • SUP 3: 109-31+Low Dec 11 and key short-term support
  • SUP 4: 110-22 50-day EMA

The corrective pullback for Treasuries persists into Wednesday trade, with prices finding some support at 111-31+/112-00, the Low from Dec14 and handle support. Any further slippage through here during Wednesday trade will open the 20-day EMA at 111-29+. Above these levels, the broader 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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