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Pullback Considered Corrective

US 10YR FUTURE TECHS

RES 4: 117-14+ High Aug 29 / 30 2022 (cont)

  • RES 3: 117-01+ High Mar 24 and bull trigger
  • RES 2: 116-30 High Apr 5 / 6
  • RES 1: 115-31+ High Apr 10
  • PRICE: 115-08+ @ 11:10 BST Apr 12
  • SUP 1: 115-03 20-day EMA
  • SUP 2: 114-18 Low Apr 3
  • SUP 3: 114-11+ 50-day EMA
  • SUP 4: 114-07 Low Mar 29 and 30 and key support

Treasury futures have pulled back from last week’s 116-30 high on Apr 5 and 6. A bullish theme remains intact and moving average studies highlight an uptrend. Resistance at 117-01+, the Mar 24 high and a key short-term hurdle, remains exposed. A break of this level would strengthen bullish conditions, resume the uptrend and open 117-14+, the Aug 29/30 2022 high (cont). Key support is at 114-07, the Mar 29/30 low.

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