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US 10YR FUTURE TECHS: (U4) Trend Needle Points North

US 10YR FUTURE TECHS
  • RES 4: 116-00   Round number resistance 
  • RES 3: 115-30+ 2.764 proj of the Apr 25 - May 16 - 29 price swing 
  • RES 2: 115-17   2.618 proj of the Apr 25 - May 16 - 29 price swing
  • RES 1: 114-03/115-03+ High Aug 6 / 5 and the bull trigger
  • PRICE:‌‌ 113-07 @ 11:23 BST Aug 20
  • SUP 1: 112-20+ 20-day EMA   
  • SUP 2: 111-19+ 50-day EMA values 
  • SUP 3: 110-18+ Low Jul 22     
  • SUP 4: 110-07   Low Jul 9  

Treasuries are unchanged. A bullish theme remains intact and support remains in place. Moving average studies are in a bull-mode position and this continues to highlight bullish sentiment. The recent breach of 111-01, the Jun 14 high, confirmed a resumption of the uptrend. Scope is seen for 115-17, a Fibonacci projection. The recent move down is considered corrective. Initial support to watch is 112-20+, the 20-day EMA.

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