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(M1)‌‌ Bearish Outlook

US 10YR FUTURE TECHS
  • RES 4: 134-06+ High Feb 25
  • RES 3: 133-23 High Mar 2 and key near-term resistance
  • RES 2: 133-00+/06+ High Mar 11 and key resistance / High Mar 4
  • RES 1: 132-09 High Mar 17
  • PRICE: 131-16 @ 11:10 GMT Mar 19
  • SUP 1: 131-00 Low Mar 18 / Round number support
  • SUP 2: 130-07 Low Feb 2, 2020 and key support
  • SUP 3: 130-02 Lower 3.0% Bollinger Band
  • SUP 4: 129-19 Low Jan 24, 2020 (cont)

US 10y futures outlook remains bearish following this week's move lower and break of support at 131.23, low Mar 12 and 15. The break confirms a resumption of the bear trend that has been in place since early August 2020. This opens 130-07 next, Feb 2 2020 low (cont). On the upside, key short-term trend resistance is at 133-00+, the Mar 11 high. Initial firm resistance is seen at 132-09, Mar 17 high.

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