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(M9) Going Nowhere Fast *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Going Nowhere Fast
*RES 3: 127-26+ 61.8% 134-07+-117-13+
*RES 2: 125-26+ 50% 134-07+-117-13+
*RES 1: 124-31 Mar 27 high
*PRICE: 123-23 @ 14:00 GMT, Apr 2
*SUP 1: 122-16/02 50-dma/38.2% 117-13+-124-31
*SUP 2: 121-15/02 100-dma/Jan 18 low
*SUP 3: 120-13+/04+ 200-dma/Dec 12-13 lows
10-Yr futures traded inside a mere 8 tick range Tuesday, doing little to change
the near-term technical outlook. Dip buying ahead of 123-15 continue to prevent
any downside break and bulls now need to recover the 124 level to return the
focus to the March 27 ytd highs at 124-31+. Above here would reignite upside
momentum, opening the 50% retracement level of the 134-07+-117-13+ move which
comes in at 125-26+. Bears look to take out the Monday low at 123-16+ to raise
the potential of a bearish reversal towards the Marc 22 low at 123-10+ and the
March 21 low at 122-23.

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