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US 10YR FUTURE TECHS: (U4) Watching Resistance

US 10YR FUTURE TECHS
  • RES 4: 111-31   1.382 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-13   High Mar 25
  • RES 2: 111-01   High Jun 14 and the bull trigger  
  • RES 1: 110-20+ High Jul 08
  • PRICE:‌‌ 110-14 @ 16:51 BST Jul 10
  • SUP 1: 109-28+ 50-day EMA 
  • SUP 2: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support
  • SUP 3: 108-27+ Low Jun 3   
  • SUP 4: 108-21+ Trendline drawn from the Apr 25 low 

Treasuries are in consolidation mode and remain closer to their recent highs. Key short-term resistance at 111-01 - the June 14th high, remains intact for now. While it holds, a bear threat is present. A resumption of weakness would refocus attention on 109-02+, the Jul 1 low, ahead of 109-00+, the Jun 10 low. For bulls, clearance of 111-01 would instead resume the uptrend that started Apr 25.  

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  • RES 4: 111-31   1.382 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-13   High Mar 25
  • RES 2: 111-01   High Jun 14 and the bull trigger  
  • RES 1: 110-20+ High Jul 08
  • PRICE:‌‌ 110-14 @ 16:51 BST Jul 10
  • SUP 1: 109-28+ 50-day EMA 
  • SUP 2: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support
  • SUP 3: 108-27+ Low Jun 3   
  • SUP 4: 108-21+ Trendline drawn from the Apr 25 low 

Treasuries are in consolidation mode and remain closer to their recent highs. Key short-term resistance at 111-01 - the June 14th high, remains intact for now. While it holds, a bear threat is present. A resumption of weakness would refocus attention on 109-02+, the Jul 1 low, ahead of 109-00+, the Jun 10 low. For bulls, clearance of 111-01 would instead resume the uptrend that started Apr 25.