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‌(Z0)‌ Eyeing 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: 139-09 50-day EMA
  • RES 1: 139-06 High Oct 6
  • PRICE: 138-30 @ 11:30 BST Oct 13
  • 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. Futures have traded lower since Sep 29 but more recently, a consolidative tone has set in. This pause has taken on the appearance of a bear flag. This is a continuation pattern and suggests that bearish pressure is likely to dominate near-term. Attention is on the next major support at 138-18+, Aug 28 low and the bear trigger. A break would open 138-04+, a Fibonacci projection. 139-06, Oct 6 high is resistance.

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