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(U0) V Shaped Recovery? *RES...>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (U0) V Shaped Recovery?
*RES 4: 139-25 Contract high, Mar 25
*RES 3: 139-13+/16 High May 15 / High Apr 21 and key resistance
*RES 2: 138-24 50-dma
*RES 1: 138-18+ High Jun 10
*PRICE: 138-17 @ 20:04 BST, Jun 10
*SUP 1: 137-10+ Low Jun 9
*SUP 2: 136-22 Low Jun 5
*SUP 3: 136-20 Low Mar 25
*SUP 4: 136-10+2.000 projection of Apr 21 - May 6 swing from May 15 high
The Fed supported Treasury markets firmly Wednesday, which extends the decent
bounce from the lows printed at the tail-end of last week. If Treasuries top the
50-dma and last week's highs at 139-07+, all bearish themes will have been
erased. For bears to regain the balance, prices must break support at 137-30+,
the May 6 low that confirmed a range breakout. The focus is on 136-20, Mar 25
low and, further out, the COVID crisis lows of 133-21.

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