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US‌‌ ‌‌10YR‌‌ ‌‌FUTURE‌‌ ‌‌TECHS:‌‌ (U4) Key Short-Term Resistance Remains Exposed

US 10YR FUTURE TECHS
  • RES 4: 111-17+ 1.236 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-09 High Apr 1
  • RES 2: 110-27+ 1.00 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 110-21+ High Jun 12
  • PRICE: 110-07 @ 11:14 BST Jun 13
  • SUP 1: 109-16/109-00+ 50-day EMA / Low Jun 10 and key support
  • SUP 2: 108-27+ Low Jun 3
  • SUP 3: 108-08 Trendline drawn from the Apr low
  • SUP 4: 107-31 Low May 29 and a key support

Treasuries rallied sharply higher Wednesday and in the process breached a number of short-term resistance points. Key near-term resistance at 110-21, the Jun 7 high, has been pierced and a clear break of it would confirm a resumption of the bull cycle that started Apr 25. On the downside, key support to watch lies at 109-00+, the Jun 10 low. Clearance of this level is required to reinstate a bullish theme.

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