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(U3) Trend Needle Points South

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
  • PRICE: 112-29 @ 11:16 BST Jun 29
  • SUP 1: 112-12+ Low Jun 14 and the bear trigger
  • 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 but have not yet managed to break out of the current short-term range. The trend outlook is unchanged and remains bearish. Recently, support at 112-29+, the May 26 / 30 low was cleared. This exposes 112-00, Mar 10 low and 110-27+ further out, Mar 2 low and a key support. On the upside, initial firm resistance is at 114-00, the Jun 13 high. First resistance is at 113-18, the Jun 15 high.

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