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(U1)‌‌ Probes Key Resistance At 132-20+

US 10YR FUTURE TECHS
  • RES 4: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 3: 133-00 Round number resistance
  • RES 2: 132-28+ 1.00 proj of Apr 29 - May 7 - May 13 price swing
  • RES 1: 132-21 Intraday high
  • PRICE: 132-19 @ 11:25 BST Jun 9
  • SUP 1: 131-26+ 20-DAY EMA
  • SUP 2: 131-18 Low Jun 3 and 4 and key short-term support
  • SUP 3: 131-01/130-31+ Low May 19 / Low May 13
  • SUP 4: 130-23+/17+ Low Apr 29 / Low Apr 13

US 10y futures are trading higher today. Importantly, the contract has probed resistance 132-20+, May 7 high. This marks a key short-term hurdle for bulls and a break would remove recent bearish concerns and instead suggest scope for a stronger short-term recovery. A clear breach would open 132-28+, a Fibonacci projection. On the downside, key near-term support has been defined at 131-18, the jun 3, 4 low.

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