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(M2)‌‌ Approaching Key Near-Term Support

US 10YR FUTURE TECHS
  • RES 4: 130-18+ High Dec 31 2021 (cont)
  • RES 3: 129-31 Low Dec 8 (cont)
  • RES 2: 129-13 3.00 proj of the Feb 10 - 14 - 15 price swing
  • RES 1: 129-04/09 High Mar 7 / Trendline off Aug 4 ‘21 high (cont)
  • PRICE: 127-11+ @ 11:53 GMT Mar 8
  • SUP 1: 127-00 Mar 2 low and key near-term support
  • SUP 2: 125-29 Low Feb 25
  • SUP 3: 125-14+ Low Feb 10 and the bear trigger
  • SUP 4: 125-06+ Low May 30 2019 (cont)

Treasuries traded above 129-00 briefly Monday, marking an extension of the recent recovery from 127-00, Mar 2 low. Futures have since pulled back though and are trading lower today. The short-term uptrend remains intact, although a break of support at 127-00, Mar 2 low, would signal scope for a deeper retracement. On the upside, a rebound would refocus attention on Monday’s 129-04 high. This level is the bull trigger.

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