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(U3) Narrows Gap With Bear Trigger - CORRECT

US 10YR FUTURE TECHS
  • RES 4: 113-08 High Jul 18 and a bull trigger
  • RES 3: 112-31 High Jul 20
  • RES 2: 112-17+ High Jul 24 and the 50-day EMA
  • RES 1: 111-26+/112-07 20-day EMA / High Jul 27
  • PRICE: 110-08 @ 16:48 BST Aug 3
  • SUP 1: 110-05+ Low Aug 3
  • SUP 2: 110-05 Low Jul 6 and the bear trigger
  • SUP 3: 109-14 Low Nov 8 2022 (cont)
  • SUP 4: 109-10+Low Nov 4 2022 (cont)

Treasuries traded lower Wednesday and the contract is weaker again Thursday. The extension lower highlights a stronger bearish threat. Price has breached all relevant short-term retracement points and this has exposed the key support at 110-05, the Jul 6 low. Clearance of this level would resume the medium-term downtrend. Initial firm resistance is at 111-26+, the 20-day EMA.

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