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(U1)‌‌ Recovering Within A Bull Channel

US 10YR FUTURE TECHS
  • RES 4: 133-20 1.382 proj of Apr 29 - May 7 - May 13 price swing
  • RES 3: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 133-06+ High Jun 11 and the bull trigger
  • RES 1: 132-30 High Jun 21
  • PRICE: 132-25 @ 11:39 BST Jul 6
  • SUP 1: 132-04+ Bull channel base drawn off the Ma30 low
  • SUP 2: 131-24+/14 Low Jun 25 / Low Jun 17 and a key support
  • SUP 3: 131-01 Low May 13
  • SUP 4: 130-31+ Low May 19 and a key support

US Treasury futures continue their short-trend higher, narrowing the gap with the Jun 21 high of 132-30. The recovery from the Jun 17 and 25 lows highlights a rebound from the base of a bull channel drawn off the Mar 30 low. A break of 132-30 would strengthen a short-term bullish theme and open 133-06+, Jun 11 high and a key bull trigger. On the downside, watch initial support at 131-24+, Jun 25 low. A break would be bearish.

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