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

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M0) Needle Still Points North
*RES 4: 137-00 Round number resistance
*RES 3: 136-12+ 1.764 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 2: 135-28 1.618 projection of Jan 9 - Feb 3 rally from Feb 6 low
*RES 1: 135-24+ High Mar 2
*PRICE: 134-21 @ 11:12 GMT, Mar 3
*SUP 1: 133-14 Low Feb 28
*SUP 2: 132-04 20-day EMA
*SUP 3: 131-30 High Feb 3 and former breakout level
*SUP 4: 130-27 50-day EMA
Treasuries remain bullish. The contract achieved a fresh high print again
yesterday at 135-24+. Last week's rally resulted in a break of the Feb 3 high of
131-30, confirming a resumption of the current bull trend and bulls haven't
looked back. Moving average studies remain in a positive mode although it is
still worth noting that the trend remains overbought. Support is at 133-14, the
focus is on 135-28 next, a Fibonacci projection ahead of 136-00.

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