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(U0) Back to the Midpoint of the Week’s Range

US 5YR FUTURE TECHS
  • RES 4: 127-077 1.0% 10-dma envelope
  • RES 3: 126-26 1.382 projection of the Jun 5 - 15 - 16 swing
  • RES 2: 126-21 1.236 projection of the Jun 5 - 15 - 16 swing
  • RES 1: 126-077 High Aug 5
  • PRICE: 126-04+ @ 11:03 BST, Aug 6
  • SUP 1: 125-22+ Low Jul 28 and key support
  • SUP 2: 125-196 Low Jul 13
  • SUP 3: 125-16+ Low Jul 2 and 50-day EMA
  • SUP 4: 125-096 Low Jun 16

5yr futures printed a new cycle high at 126-077 early Wednesday, keeping the bullish focus intact despite the fade in prices later in the day. The break of resistance Friday confirmed the resumption of the underlying uptrend, paving the way for a climb towards 126-21, a key swing projection. MA and momentum studies remain bullish, reinforcing current conditions. 125-22+ is support, Jul 28 low.

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