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(M0) Holds at Higher Levels....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Holds at Higher Levels
*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+ High Mar 10
*PRICE: 138-00 @ 16:44 GMT, Mar 12
*SUP 1: 136-24 Intraday low
*SUP 2: 135-12+ Low Mar 5 and key near-term support
*SUP 3: 134-24+ 20-day EMA
10yr futures staged a decent intraday rally early Thursday. This faded slightly
ahead of the close but it's clear bulls remain in control for now. Monday's
140-24 high remains the mark to watch to the upside. Nonetheless, the strong
uptrend has been in overbought territory for some time and the focus is on the
potential for a much needed technical correction. Key S/T support has been
defined at Thursday's 136-24 intraday low. This level would need to give way to
allow for a deeper pullback. Until then, the risk is for a retest of recent
highs and a resumption of the uptrend.

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