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(M0) Defines A Top, For Now....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Defines A Top, For Now At Least
*RES 4: 141-21 3.236 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 140-26 3.00 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 140-24 High Mar 9 and bull trigger
*RES 1: 139-13 Intraday high
*PRICE: 137-11 @ 10:44 GMT, Mar 10
*SUP 1: 136-15 Low Mar 6
*SUP 2: 135-12+ Low Mar 5 and key near-term support
*SUP 3: 134-09 Low Mar 3
*SUP 4: 134-05+ 20-day EMA
Treasuries futures are sharply lower having staged an impressive pullback off
yesterday's high of 140-24. The strong uptrend has been in overbought territory
for some time and perhaps now we can consider the start of a much needed
technical correction. A move below Friday's 136-15 low would suggest scope for
135-12+, the Mar 5 low. A deeper pullback would open 134-05+, the 20-day EMA.
Initial resistance is at 139-13, the bull trigger is 140-24.

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