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(M2)‌‌ Extends This Week’s Retracement

US 10YR FUTURE TECHS
  • RES 4: 129-31 Low Dec 8 (cont)
  • RES 3: 129-13 3.00 proj of the Feb 10 - 14 - 15 price swing
  • RES 2: 129-04/07+ High Mar 7 / Trendline off Aug 4 ‘21 high (cont)
  • RES 1: 128-04 High Mar 8
  • PRICE: 126-28 @ 11:04 GMT Mar 9
  • SUP 1: 126-23+ Low Feb 28
  • SUP 2: 126-10 76.4% retracement of the Feb 10 - Mar 7 rally
  • SUP 3: 125-29/14+ Low Feb 25 / Low Feb 10 and the bear trigger
  • SUP 4: 125-06+ Low May 30 2019 (cont)

Treasuries are lower again today as the pullback from Monday’s high of 129-04 extends. The contract has breached support at 127-00, Mar 2 low and a continuation lower would open 126-10, a Fibonacci retracement. At this stage, the move lower appears corrective and 126-10 is seen as a key near-term support. A rebound would refocus attention on 129-04, the bull trigger.

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