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(U3) Initial Gilt Support Fades Through US Hours

US 10YR FUTURE TECHS
  • RES 4: 114-06+ High Jun 6
  • RES 3: 114-00 High Jun 13
  • RES 2: 113-09+ 50-day EMA and a key resistance point
  • RES 1: 113-08 High Jul 18
  • PRICE: 112-23 @ 17:02 BST Jul 19
  • SUP 1: 112-07+ Low Jul 13
  • SUP 2: 111-03+/110-05 Low Jul 11 / 6 and the bear trigger
  • SUP 3: 110-00 Low Nov 9 2022 (cont)
  • SUP 4: 109-14 Low Nov 8 2022 (cont)

Support provided for Treasuries from the soft UK inflation release faltered into US hours, with Treasuries fading into the London close. Nonetheless, prices remain close to recent highs of 113-08 - the best level since June 29. The contract has cleared the 20-day EMA and attention turns to a key resistance area at the 50-day EMA, at 113-09+. A clear break of this average would strengthen a bullish theme. Key support and the bear trigger has been defined at 110-05, the Jul 6 low.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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