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(M4) Clears The Bear Trigger

US 10YR FUTURE TECHS
  • RES 4: 111-24 High Mar 12
  • RES 3: 111-10+ High Mar 13
  • RES 2: 110-29+/31+ 50-day EMA / High Mar 27
  • RES 1: 110-03 High Apr 02
  • PRICE: 109-24+ @ 16:54 GMT Apr 02
  • SUP 1: 109-14+ Low Nov 28 & Apr 02
  • SUP 2: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 3: 109-00 Round number support
  • SUP 4: 108-25+ 2.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

Treasuries remain offered as the contract extends Monday’s sharp sell-off. Key support at 109.24+, the Mar 18 low and bear trigger, has been breached and this confirms a resumption of the downtrend that started late December last year. The move down opens 109-14+ next, the Nov 28 ‘23 low and the 109.00 handle further out. Key short-term resistance has been defined at 110-31+, the Mar 27 high.

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