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Treasuries Rally And Approach The Bull Channel Top

  • US Treasury futures are rallying today as the current bull run extends.
  • Futures are approaching the top of a bull channel that intersects at 134-03.The channel is drawn off the May 30 low.
  • This represents a key near-term resistance.
  • A clear break would strengthen the current bullish argument and would open 134-06, a Fibonacci projection and 134-12, the Feb 26 high (cont).

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