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(Z0)‌ All Eyes On The Key Support ‌ ‌

US 10YR FUTURE TECHS
  • RES 4: 139-29 High Sep 3 and the bull trigger
  • RES 3: 139-26 High Sep 17
  • RES 2: 139-11+ 20-day EMA
  • RES 1: 139-06 High Oct 6
  • PRICE: 138-27 @ 17:06 BST Oct 8
  • SUP 1: 138-20+ Low Oct 7
  • SUP 2: 138-18+ Low Aug 28 and the bear trigger
  • SUP 3: 138-04+ 1.000 proj of Aug 4 - 28 sell-off from Sep 3 high
  • SUP 4: 138-00 Round number support

Treasuries maintain a bearish stance following this week's sharp move lower. A number of support levels have been cleared along the way. The move through 139-00, Sep 4 low strengthens the current bearish theme and this has opened the next major support at 138-18+, Aug 28 low and the bear trigger. A break of 138-18+ would open 138-10+, a Fibonacci projection. Initial resistance is at 139-06, Oct 6 high.

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