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‌‌(U2)‌‌ Bullish Focus

US 10YR FUTURE TECHS
  • RES 4: 121-28+ 1.382 proj of the 14 - 23 - 28 price swing
  • RES 3: 121-10 1.236 proj of the 14 - 23 - 28 price swing
  • RES 2: 120-19+ High May 26 and a key resistance
  • RES 1: 120-15+/120-16+ High Jul 26 / High Jul 6 and the bull trigger
  • PRICE: 120-07+ @ 15:38 BST Jul 26
  • SUP 1: 118-20 50-day EMA
  • SUP 2: 117-14+ Low Jul 21 and key near-term support
  • SUP 3: 116-11 Low Jun 28
  • SUP 4: 115-20 Low Jun 17

Treasuries maintain a firmer short-term tone and are trading closer to the top of this month's range. The focus is on the bull trigger at 120-16+, the Jul 6 low. A break of this hurdle would confirm a resumption of the uptrend that started Jun 14, and open 121-10, a Fibonacci projection. On the downside, key short-term support has been defined at 117-14+, the Jul 21 low. A break would signal a reversal.

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