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(M4) Approaching The Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 112-04+ High Mar 8 and bull trigger
  • RES 3: 111-24 High Mar 12
  • RES 2: 111-10+ High Mar 13
  • RES 1: 110-29+/31+ 50-day EMA / High Mar 27
  • PRICE: 109-25+ @ 11:12 GMT Apr 2
  • SUP 1: 109-24+ Low Mar 18 and the bear trigger
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

A sharp sell-off in Treasuries Monday highlights a resumption of the recent bearish threat and the end of the corrective phase between Mar 18 - 27. Sights are on key short-term support at 109.24+, the Mar 18 low and bear trigger. A break of this support would confirm a resumption of the downtrend that started late Dec last year. This would open 109-12+, a Fibonacci projection. Key short-term resistance is at 110-31+, the Mar 27 high.

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