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Impulsive Bull Wave

US 10YR FUTURE TECHS

: RES 4: 116-08 High Feb 2

  • RES 3: 116-00 Round number resistance
  • RES 2: 115-03+ 76.4% retracement of the Feb 2 - Mar 2 bear leg
  • RES 1: 114-29+ Intraday high
  • PRICE: 114-10 @ 10:28 GMT Mar 13
  • SUP 1: 114-00 Round number support
  • SUP 2: 113-10 High Mar 10
  • SUP 3: 112-31+ 50-day EMA
  • SUP 4: 112-21 Intraday low

Treasury futures have started the week on a firm note as the contract extends last week’s strong impulsive gains, on Thursday and Friday. A number of important Fibonacci retracement points have been cleared. Sights are on 115-03+, the 76.4% retracement of the bear leg between Feb 2 - Mar 2. A break of 115-03+ would open the 116-00 handle. Initial firm support lies 112-31+, the 50-day EMA.

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