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(U2)‌‌ Corrective Cycle Still In Play

US 10YR FUTURE TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 4: 120-00 Round number resistance
  • RES 3: 119-16+ High Jun 1
  • RES 2: 119-03+ 76.4% retracement of the May 26 - Jun 14 bear leg
  • RES 1: 118-08/22 High Jun 24 / 50-day EMA
  • PRICE: 117-00+ @ 11:14 BST Jun 27
  • SUP 1: 116-25+ Low Jun 23
  • SUP 2: 115-20/114-07+ Low Jun 17 / Low Jun 14 and bear trigger
  • SUP 3: 114-00 Round number support
  • SUP 4: 113-19 Low Jun 19, 2009 (cont)

Treasuries maintain a firmer short-term tone despite a minor retracement from last week’s high. Last Thursday’s gains resulted in a break of the 20-day EMA, suggesting potential for a continuation higher. The focus is on 118-22, the 50-day EMA. The primary trend remains down and recent gains are considered corrective. Initial firm support to watch is 115-20, the Jun 17 low. A break would signal the end of the correction and open 114-07+.

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  • RES 4: 120-00 Round number resistance
  • RES 3: 119-16+ High Jun 1
  • RES 2: 119-03+ 76.4% retracement of the May 26 - Jun 14 bear leg
  • RES 1: 118-08/22 High Jun 24 / 50-day EMA
  • PRICE: 117-00+ @ 11:14 BST Jun 27
  • SUP 1: 116-25+ Low Jun 23
  • SUP 2: 115-20/114-07+ Low Jun 17 / Low Jun 14 and bear trigger
  • SUP 3: 114-00 Round number support
  • SUP 4: 113-19 Low Jun 19, 2009 (cont)

Treasuries maintain a firmer short-term tone despite a minor retracement from last week’s high. Last Thursday’s gains resulted in a break of the 20-day EMA, suggesting potential for a continuation higher. The focus is on 118-22, the 50-day EMA. The primary trend remains down and recent gains are considered corrective. Initial firm support to watch is 115-20, the Jun 17 low. A break would signal the end of the correction and open 114-07+.