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(U3) Traders Through Support

US 10YR FUTURE TECHS
  • RES 4: 115-00 High Jun 1 and a key resistance
  • RES 3: 114-06+/07 High Jun 6 / 50-day EMA
  • RES 2: 114-00 High Jun 13
  • RES 1: 113-18 High Jun 15 and a key short-term resistance
  • PRICE: 112-11+ @ 14:06 BST Jun 30
  • SUP 1: 112-08+ Intraday low
  • SUP 2: 112-00 Low Mar 10
  • SUP 3: 111-14+ Low Mar 9
  • SUP 4: 110-27+ Low Mar 2 and key support

Treasury futures are trading lower today and the contract has breached support at 112-12+, the Jun 14 low and bear trigger. This brings to an end a recent period of consolidation and confirms a resumption of the current downtrend. The focus is on the 112-00 handle next while further out, scope is seen for a move towards 110-27+, the Mar 2 low and key support. Initial firm resistance has been defined at 113-18, the Jun 15 high.

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