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(Z0)‌ Bullish Outlook Intact

US 10YR FUTURE TECHS
  • RES 4: 139-26 High Sep 29 and a key resistance
  • RES 3: 139-25 High Oct 2
  • RES 2: 139-17 76.4% retracement of the Sep 29 - Oct 7 sell-off
  • RES 1: 139-14 High Oct 15
  • PRICE: 139-06 @ 11:48 BST Oct 16
  • SUP 1: 139-02 Low Oct 15
  • SUP 2: 138-28+ Low Oct 13
  • SUP 3: 138-20+ Low Oct 7 and the bull trigger
  • SUP 4: 138-18+ Low Aug 28 and the bear trigger

Treasuries rallied yesterday but gave back gains to close down on the day. The rejection off the day does dampen the recent positive tone, however at this stage a bullish theme continues to prevail. This follows strong gains since bouncing off the Oct 7 low. Initial resistance has been defined at yesterday's high of 139-14 where a break is required to again signal scope for gains towards 139-17, a retracement level. Support is at 138-28+.

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