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(M4) Clears Support

US 10YR FUTURE TECHS
  • RES 4: 111-24 High Mar 12
  • RES 3: 111-10+ High Mar 13
  • RES 2: 110-28/31+ 50-day EMA / High Mar 27 and key resistance
  • RES 1: 110-17+ 20-day EMA
  • PRICE: 109-19 @ 16:42 GMT Apr 03
  • SUP 1: 109-09+ Low Apr 03
  • SUP 2: 109-08+ Lower 1.0% 10-dma envelope
  • SUP 3: 109-00 Round number support
  • SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

A bearish theme in Treasuries persists Wednesday, tipping prices to new pullback lows at 109-09+. This week’s sell-off reinforces the downward bias, compounded by the break of support at 109.24+, the Mar 18 low and bear trigger. This confirms a resumption of this year's downtrend. 109-12+ also gave way ahead of the close, a Fibonacci projection ahead of the 109.00 handle further out. This opens round number support at 109-00. Key short-term resistance has been defined at 110-31+, the Mar 27 high.

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