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(U2)‌‌ Tilted Lower

US 10YR FUTURE TECHS
  • RES 4: 120-19+ High May 26 and bull trigger
  • RES 3: 119-25+/120-19+ 50-day EMA
  • RES 2: 119-16+ High Jun 1
  • RES 1: 116-25/118-20+ Intraday high / 20-day EMA
  • PRICE: 115-29 @ 15:03 BST Jun 13
  • SUP 1: 115-22+ Low Jun 13
  • SUP 2: 115-22 2.0% 10-dma envelope
  • SUP 3: 115-00 Round number support
  • SUP 4: 114-11 0.764 proj of the Mar 31 - May 9 - 26 price swing

Treasuries tilted lower at the resumption of trade, resulting in a break of key support as well as the bear trigger at 116-21. This also confirms an extension of the bear leg that started on May 26, which included a reversal from the 50-day EMA. The move lower signals scope for weakness through 116-00 towards 115-22 next, a vol band based support. The 20-day EMA, at 118-20+, is resistance.

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