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(U3) Trend Signals Remain Bearish

US 10YR FUTURE TECHS
  • RES 4: 115-00 High Jun 1 and a key resistance
  • RES 3: 114-06+/10+ High Jun 6 / 50-day EMA
  • RES 2: 114-00 High Jun 13
  • RES 1: 113.18 High Jun 15
  • PRICE: 113-07+ @ 17:03 BST Jun 26
  • 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 continue to trade inside the recent range. The trend outlook is unchanged and the outlook remains bearish. Recently, support at 112-29+, the May 26 / 30 low was cleared. This signals scope for 112-00, the Mar 10 low. Further out, potential is seen for a move towards 110-27+, the Mar 2 low and a key support. Short-term gains are considered corrective. Initial firm resistance is at 114-00, the Jun 13 high.

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