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(M2)‌‌ Holding Above Wednesday’s Low

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: 129-00 Round number resistance
  • RES 1: 128-31+ High Mar 1
  • PRICE: 128-03+ @ 11:31 GMT Mar 4
  • SUP 1: 127-00 Mar 2 low
  • 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)

The sell-off in Treasuries on Wednesday was short lived and the contract has recovered from the recent low of 127.00. The short-term outlook remains bullish. This week’s gains have seen price breach both the 20- and 50-day EMAs, strengthening the current positive outlook. Resistance at 128-17, Jan 24 high was breached Tuesday and this opens 129-00. Initial firm support is seen at 127-00, the Mar 2 low.

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