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Trades Through A Key Resistance Zone

US 10YR FUTURE TECHS
  • RES 4: 118-07 High Aug 23 (cont)
  • RES 3: 117-29+ High Aug 26 2022 (cont)
  • RES 2: 117-14+ High Aug 29 / 30 2022 (cont)
  • RES 1: 117-01+ Intraday high
  • PRICE: 116-06+ @ 16:47 GMT Mar 24
  • SUP 1: 115-21+/01 Low Mar 24 / Low Mar 23
  • SUP 2: 113-26 Low Mar 22
  • SUP 3: 113-15 50-day EMA
  • SUP 4: 113-08+ Low Mar 15

Treasury futures touched a low of 113-26 on Wednesday. The contract has recovered from that low and the bounce accelerated Friday. Price has traded through the key resistance zone between; 116-24, Monday’s high and 116-28+, the Jan 19 high. The breach strengthens bullish conditions and opens 117-14+ next, the Aug 29 / 30 2022 high (cont). Activity is likely to remain volatile, key support has been defined at 113-26, the Mar 22 low.

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