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(M3)‌‌ Remains Above Last Week’s Low

US 10YR FUTURE TECHS
  • RES 4: 113-07 50-day EMA
  • RES 3: 112-28 High Feb 16
  • RES 2: 112-07 20-day EMA
  • RES 1: 111-23+/112-03 High Feb 28 / 24
  • PRICE: 111-09+ @ 11:06 GMT Mar 7
  • SUP 1: 110-12+ Low Mar 02 and the bear trigger
  • SUP 2: 110-06 3.00 proj of the Jan 19 - Jan 30 - Feb 2 price swing
  • SUP 3: 110-04+ Lower 2.0% Bollinger Band
  • SUP 4: 109-22 3.236 proj of the Jan 19 - Jan 30 - Feb 2 price swing

Treasury futures remain above last week’s low of 110-12+ (Mar 2). Recent gains are considered corrective and note that a move higher would allow an oversold trend condition to unwind. Key short-term resistance is seen at 112-07, the 20-day EMA. On the downside, the bear trigger lies at 110-12+, the Mar 2 low. A break would confirm a resumption of the downtrend and open 110-06, a Fibonacci projection.

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