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US‌‌ ‌‌10YR‌‌ ‌‌FUTURE‌‌ ‌‌TECHS:‌‌ (U3) Pierces A Key Support

US 10YR FUTURE TECHS
  • RES 4: 113-08 High Jul 18 and a bull trigger
  • RES 3: 112-31 High Jul 20
  • RES 2: 112-19 50-day EMA
  • RES 1: 111-21+/112-07 20-day EMA / High Jul 27
  • PRICE: 110-04+ @ 11:25 BST Aug 4
  • SUP 1: 110-00 Round number support
  • SUP 2: 109-14 Low Nov 8 2022 (cont)
  • SUP 3: 109-10+ Low Nov 4 2022 (cont)
  • SUP 4: 108-26+ Low Oct 21 2022 (cont) and a major support

This week’s bear leg in Treasuries continues to extend, reinforcing a bearish theme. Today’s move lower has resulted in a print below key support at 110-05+, the Aug 3 low. A clear break of this level would confirm a resumption of the downtrend that started last March this year. This would signal scope for weakness below 110-00, towards 109-14, the Nov 8 2022 (cont). The 20-day EMA, at 111-21+, is the resistance to watch.

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