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(M0) Needle Still Points.......>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Needle Still Points North
*RES 4: 134-21 1.618 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 3: 135-08+1.50 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 134-27+1.382 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 1: 134-22+ Intraday high
*PRICE: 134-21+ @ 16:26 GMT, Feb 28
*SUP 1: 132-22+ Low Feb 26
*SUP 2: 131-29 High Feb 3 and former breakout level
*SUP 3: 130-30 Low Feb 19 and 20
*SUP 4: 130-19+ Low Feb 12
The uptrend in Treasuries remains intact, with a fresh high print once again
today at 134-22+. This week's rally resulted in a break of the Feb 3 high of
131-29, confirming a resumption of the current bull trend. Resistance at 132-02+
has also been cleared reinforcing underlying conditions. MA studies remain in a
bull mode too although it is worth noting that the trend remains overbought.
Support is at 133-00+, scope is for a climb to 134-27+ next.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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