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(M1)‌‌ Approaching The Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 134-20 High Feb 24
  • RES 3: 134-06+ High Feb 25
  • RES 2: 133-23 High Mar 2 and key near-term resistance
  • RES 1: 133-00+/06 High Mar 11 / High Mar 4
  • PRICE: 131-29 @ 12:01 GMT Mar 12
  • SUP 1: 131-23+ Low Mar 5 and the bear trigger
  • SUP 2: 130-07 Low Feb 2, 2020 and Key Support
  • SUP 3: 130-05 Lower 3.0% Bollinger Band
  • SUP 4: 129-19 Low Jan 24, 2020 (cont)

US 10y futures stalled yesterday at 133-00+ and selling pressure has returned. The outlook is bearish with a price sequence of lower lows and lower highs continuing to dominate. Attention is on 131-23+, Mar 5 low where a break would confirm a resumption of the downtrend. This would open 130-07 next, the Feb 2 2020 low. Key near term resistance has been defined at 133-00+. Bearish!

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