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US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (M9) Payrolls Prompts Recovery
*RES 4: 127-28+ Sep 8 2017 high
*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: 123-19 @ 16:14 BST, Apr 5
*SUP 1: 122-20/02 50-dma/38.2% 117-13+-124-31
*SUP 2: 121-20+/02 100-dma/Jan 18 low
*SUP 3: 120-15+/04+ 200-dma/Dec 12-13 lows
*SUP 4: 119-22 Dec 4 low
After a dire week for Treasuries, a mixed nonfarm payrolls report gave some
much-needed relief for bond bulls, helping markets bounce from the week's lows
of 123-08+. Nonetheless, USTs are far from forming a bullish break pattern, with
focus remaining on the Mar27 high at 124-31 but 124-05+ will have to break
before any firm upside momentum returns. For bears, a break below the 123-08+
mark opens the 50-dma at 122-20 and the March 12 low at 122-12.

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